According to the Payment of Bonus Act, 1965, which of the following is correct for establishment?

It is an establishment owned, controlled or managed by a government company as defined in Section 617 of the Companies Act, 1956

It is an establishment owned, controlled or managed by a corporation in which not less than 40% of its capital is held, whether singly or taken together, by the government, the RBI

It is an establishment owned, controlled or managed by a government company, a corporation owned by the government or the RBI