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| Title: Definition of "Government Company" | |
| Desc: For the purposes of 1 [this Act] Government company means any company in which not less than fifty-one per cent of the 2 [paid up share capital] is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments 3 [and includes a company which is a subsidiary of a Government company as thus defined]. Substituted by Act 65 of 1960 , Section 198, for "sections 618, 619 and 620" with effect from . 28-12-1960. Substituted by Act 65 of 1960 , Section 198, for "share capital" with effect from . 28-12-1960 Added by Act 65 of 1960 , Section 198 with effect from . 28-12-1960. | |