Joint Venture
This query is : Resolved
20 July 2007
If a company is registered under Companies Act 1956 as a Government Company but the paid up capital of the company under some agreement is divided into the ratio of 50:50 with a public/private company then
a)whether the co. remains as a government co.?
b)Is this agreement comes under the ambit of joint venture or is it take over?
a)whether the co. remains as a government co.?
b)Is this agreement comes under the ambit of joint venture or is it take over?
21 July 2007
It would lost the status of a government company (Min51% stake required)and owuld be termed as a 50::50 JV only.
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