21 May 2009
SEC-617 GOVERNMENT COMPANY means not less than 51% of paidup share capital "held" by the the folloowings 1.central govt 2.state govt 3.central govt and state govt or corporatons owned by C.G,S.G.
SEC-4 HOLDING COMPANY means A COMPANY "HOLD" MORETHAN HALFOF PAIDUP SHARE CAPITAL IN ANOTHER COMPANY.
QUESTION:
IN ABOVE ABSERVATINS WHAT IS THE DIFFERENCE BETWEEN "HELD","HOLD".