Difference between departmental undertaking statutory corporation and government companies
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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 state.
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 state.
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