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Difference between development undertaking&satutarory cooperation&government company

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Difference between development undertaking&satutarory cooperation&government company

Posted by Krishna Bhartiya 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Shashi Ramachandran 7 years, 4 months ago

All these are types of PUBLIC SECTOR
Department Undertaking is oldest form of organisation. The Government function through these departments.Examples: post and telegraph,Indian Railways
Statutory Corporation is formed by passing a special Act of Parliament of State Legislature.example: LIC,RBI
Government Company means any company in which not less 51% of the paid up capital is held by Central govt or State govt or both example: HMT Ltd. BHEL

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