Question

Identify the types of public sector undertakings in the following situations:
(a) Business enterprise established by the government and controlled by the Ministry
concerned.
(b) Enterprise incorporated under a special Act of Parliament or state Legislature.
(c) Enterprise managed by the government and subject to strict budgetary, accounting and
audit control.
(d) Enterprise established by the government and registered under the companies Act.

Answer 1

Answer:

1. Departmental undertakings
2. Statutory Corporation
3. Departmental Undertaking
4. A statutory corporation

Explanation:

1. Departmental undertakings: These enterprises are established as departments of the ministry and are considered part or an extension of the ministry itself. The Government functions through these departments and the activities performed by them are an integral part of the functioning of the government.
2. Statutory Corporation : Hence, an enterprise incorporated by a Special Act of Parliament or the state legislature intending to carry on some business of national importance is called statutory corporation.
3. Departmental Undertaking : The departmental undertaking is the oldest and traditional form of an organization of the public sector enterprise. It is organized, financed and controlled in such a manner that any other government organization. The undertaking is under the control of a minister who is responsible to the parliament.
4. A statutory corporation is a body corporate formed by a special act of parliament or by the central or state legislature. It is fully financed by the government.

Answer 2

Answer:

(a) Departmental undertaking.

(b) Government company.

(c) Statutory corporation