which of the following Enterprises has separate legal entity option is statutory corporation option B government company option C departmental undertaking option d all of these
Answers
Answer:
Companies can either be the private company or public company. Also, there are many types of public sector organizations such as departmental undertakings, government companies etc. So let us take a more detailed look at both these types of companies and public sector organizations
Answer:
Departmental Undertaking
Explanation:
Government departments is considered to be the departmental undertaking. It does not exist independently of the government. One ministry or department of government has overall control over how it runs. Examples: railways, the military, the post, etc.
Characteristics of Departmental Activities
1. Accounting and auditing
The same standard budgeting, accounting, and auditing procedures that apply to government departments also apply to departmental endeavors.
2. Run by Civil Service employees
The public officials in charge of managing departmental enterprises must adhere to the same service requirements as other government employees.
3. State Immunity
A departmental undertaking cannot be sued at all without the government's approval.
The departmental undertaking is the oldest and most conventional type of public sector enterprise organization. It is managed, funded, and organized similarly to any other government agency. A minister who is answerable to the parliament is in charge of the project.
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