Corporate and Other LawsQuestion 5353 of 221
All Questions ARK Logistics Ltd. is a government company while JK Logistics Ltd. is a
non-government company.
BRK Logistics Ltd. is a non-government company while JK Logistics Ltd.
is a government company.
CRK Logistics Ltd. and JK Logistics Ltd. both are government companies.
DRK Logistics Ltd. and JK Logistics Ltd. both are non-government
companies.
For any discrepancies in this question, email contact@cadada.in
Correct Answer
✅ Option A — RK Logistics Ltd. is a government company while JK Logistics Ltd. is a non-government company.
All Options:
- ARK Logistics Ltd. is a government company while JK Logistics Ltd. is a non-government company. ✓
- BRK Logistics Ltd. is a non-government company while JK Logistics Ltd. is a government company.
- CRK Logistics Ltd. and JK Logistics Ltd. both are government companies.
- DRK Logistics Ltd. and JK Logistics Ltd. both are non-government companies.
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Detailed Solution & Explanation
Under Section 2(45) of the Companies Act, 2013, a "Government company" is defined as any company in which not less than fifty-one percent () of the 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, and includes a company which is a subsidiary company of such a Government company.
Based on the shareholding pattern of the companies: - RK Logistics Ltd. qualifies as a Government company because the government's holding is at least . - JK Logistics Ltd. does not meet this threshold and is therefore classified as a non-government company.
Hence, **Option A** is the correct answer.
Based on the shareholding pattern of the companies: - RK Logistics Ltd. qualifies as a Government company because the government's holding is at least . - JK Logistics Ltd. does not meet this threshold and is therefore classified as a non-government company.
Hence, **Option A** is the correct answer.
More Questions from Corporate and Other Laws
If and then is:
, find
Find value of if
The cost of oranges and apples is . If the cost of an apple is doubled then the cost of oranges and apples is . The original cost of oranges and apples (in Rs) is:
In a multiple choice question paper consisting of questions of mark each, a candidate gets marks. If the candidate attempted all questions and there was a penalty of marks for wrong answers is:
The values of and satisfying the equations and given by
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