Question

Distinguish between Government Company and a Public Corporation on the basis of followings: - Formation, Autonomy, Suitability and Public Accountability.

Answer 1

$\bold{Government \:company}$

1). A government company is formed by registering under companies act 1956.

2). There is some administrative autonomy available.

3). Government company is suitable where government wants to collaborate with private sector without nationalisation.

4). Government company is accountable to concerned ministry.

$\bold{Public \:Corporation}$

1). A public corporation is formed by passing an act by state or central legislature.

2). In day to day working of public corporation government does not interfere.

3). Public corporation is suitable where undertaking require special powers.

4). Public corporation is accountable to parliament.

Answer 2

Answer:

Distinguish between Government Company and a Public Corporation on the basis of followings: - Formation, Autonomy, Suitability and Public Accountability.