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Features of Departmental Undertaking, Statutory Corporation …

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Features of Departmental Undertaking, Statutory Corporation & Government company...

Posted by ? S. S. ? 4 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 1 month ago

Statutory Corporation:

This type of organization is formed by passing a special act of Parliament. It is an initiative of private enterprises.
It is completely owned by the state.
Departmental Undertaking:
It is a department which works under a minister and ensures high degree of public accountability.
It is completely owned by government.

Government Company:

This form of organization gets established under the Indian Companies Act of 1956.
In this at least 51% of the share is owned by the central government or partly by both; central and states.

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