How is the Corporation different from the Departmental form
Answers
Explanation:
A departmental undertaking is an old form of state enterprise, whereas a Government company is a modern form of state enterprise. 7. A departmental undertaking is not brought into existence under any act, whereas a Government company is brought into existence under the companies Act.A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.
Answer:
Both are state enterprise.
Explanation:
The difference is Departmental undertaking is an old form of state enterprise.
Corporation undertaking(Government Company) is a new form of state enterprise.
A departmental undertaking is not brought under any act.
Corporation undertaking is brought under the companies Act.