What are the forms of organization in public enterprises? Explain their
features, merits and limitations of each of them.
Answers
The different types of Public Enterprises are as follows.
(i) Government Department - is the oldest form of running a government activity and is freely held by the Central or State enterprises like the defense, railways, posts and telegraphs, etc.
(ii) Public Corporation - They were popular as an enterprise after the First World War.
(iii) Government Company - The Companies Act of 1956 states that a government company is one in which more than 51 percent of the share capital is controlled by the Central Government or by a State Government or even partially by the Central Government and partly with one or more State Governments.
Answer:
The different types of Public Enterprises are as follows.
(i) Government Department - is the oldest form of running a government activity and is freely held by the Central or State enterprises like the defense, railways, posts and telegraphs, etc.
(ii) Public Corporation - They were popular as an enterprise after the First World War.
(iii) Government Company - The Companies Act of 1956 states that a government company is one in which more than 51 percent of the share capital is controlled by the Central Government or by a State Government or even partially by the Central Government and partly with one or more State Governments.