Question

Difference between departmental undertaking statutory corporation and govt. company

Answer 1

Departmental Undertaking:

It is the oldest and traditional way of operating public enterprise.

It is managed by the government as one of its departments.

It is under the authority of concerned minister of department, who is responsible and can raise demands through the parliment.

Statutory corporation: 

Statutory corporation is a corporate body.

It has separate legal existence.

The rules are set up by state legislature or under special act of parliament.

Government Company:

Any company that is run by the government  or  state government or central government or partly by one or more government with 51% of paid up capital. It is according to Indian companies act 1956.