Q49
Starax Ltd. has the paid-up equity capital structure in the following proportion - Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and remaining shares by retail shareholders. Which of the following classes of companies would it belong to?
A.
Government company
AnswerB.
Non-government company
C.
Deemed public company
D.
Deemed private company
Answer: Option A
Solution
Answer: Option A
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