Difference between departmental undertaking statutory corporation and government company
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Explanation:
For example, the Indian Railways are managed by the Ministry of Railways.
Post and Telegraph services are run as a department, in the Ministry of Communication.
The Delhi Milk Scheme, All India Radio, Doordarshan are other examples of departmental undertakings.
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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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