An organisation is working for the purpose of public welfare as a ministry of government. It is financed by govt. and all its in come is deposited in govt. treasury. Identify which kind of public sector enterprise is it. * 1 point (a)Partnership (b)Departmental undertaking (c)Sole proprietorship (d)Company
Answers
Answer:
A departmental undertaking is self- contained but it is under the overall control of the departmental head and the ministry concerned. It is a very old and traditional form of public enterprise. It may be organized as a separate full-fledged ministry.
Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. ... It is a corporate person and has the capacity of acting in its own name.
Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.