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of <h1>Definition of 'Government Company' under Section 617: 51% government ownership, including subsidiaries, clarified in 1960 Amendment.</h1> A 'Government Company' under Section 617 of the Companies Act, 1956, is defined as any company where at least 51% of the paid-up share capital is held by the Central Government, any State Government, or a combination of both. This definition also includes any subsidiary of such a government company. The definition was amended by the Companies (Amendment) Act, 1960, to clarify the scope and application of the term within the Act.
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