what are the forms of organization in public enterprises? explain their features, merits and limitations of each of them
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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.
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