Company Law

mandeep (Querist) 04 September 2009 This query is : Resolved
What would you call a company which is incorporated as a section 25 company and has a paid up capital of Rs.300 crore. The promotors are 9 banks.(5 public sector, two private and two foreign banks)
The company is established as per the payment and settlement act.The holding will be 51 % of public sector banks.

Is it covered by shop & establishment act ?
Is it covered under RTI act ?

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