https://www.taxtmi.com/article/detailed?id=5904 The author argues the statutory test for a government company should be control measured by equity shares conferring more than fifty per cent of voting rights held by the Central Government and/or State Governments, rather than a fixed proportion of paid-up share capital, because paid-up capital may include non-voting classes. The article also contends holdings by government-controlled companies should be attributed to the government when assessing control, even if those entities are not formal holding companies. en-us Wed, 12 Nov 2014 08:29:22 +0530 Wed, 12 Nov 2014 08:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5904 The author argues the statutory test for a government company should be control measured by equity shares conferring more than fifty per cent of voting rights held by the Central Government and/or State Governments, rather than a fixed proportion of paid-up share capital, because paid-up capital may include non-voting classes. The article also contends holdings by government-controlled companies should be attributed to the government when assessing control, even if those entities are not formal holding companies. Articles Corporate Laws / IBC / SEBI Wed, 12 Nov 2014 08:29:22 +0530 https://www.taxtmi.com/article/detailed?id=5904