Government ownership threshold clarified: entities qualify for exemption if government holds majority interest directly or via wholly-owned entity. The notification inserts an Explanation clarifying that the exemption applies only where the Central Government, State Government or Union territory holds 50 per cent or more ownership in the entity, either directly or through an entity wholly owned by the Central Government, State Government or Union territory, thereby defining the ownership threshold and direct or indirect ownership routes for eligibility.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government ownership threshold clarified: entities qualify for exemption if government holds majority interest directly or via wholly-owned entity.
The notification inserts an Explanation clarifying that the exemption applies only where the Central Government, State Government or Union territory holds 50 per cent or more ownership in the entity, either directly or through an entity wholly owned by the Central Government, State Government or Union territory, thereby defining the ownership threshold and direct or indirect ownership routes for eligibility.
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