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Isha Malhotra 7 years, 4 months ago
When two or more persons join together to invest in business to share its risks and profit/loss.
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Shashi Ramachandran 7 years, 4 months ago
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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Shashi Ramachandran 7 years, 4 months ago
Demerit: being big in size they also take over other firms to acquire huge economic power. Branch can also be closed any time in host country
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Anand Raj 7 years, 4 months ago
1Thank You