Global Ltd. has the paid-up equity capital structure – Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to –
A. Government company
B. Non-government company
C. Deemed public company
D. Deemed private company
Answer:A
Global Ltd. has the paid-up equity capital structure – Central Government: 38%; State Government: 10%; Subsidiary of a Government Company: 17.50%; and retail shareholders remaining shares. Which of the following classes of companies would it belong to –
A. Government company B. Non-government company C. Deemed public company D. Deemed private company