difference between departmental undertaking. statutory corporation.government company

Basis of difference Statutory Corporation Departmental undertaking Government company
Meaning This type of organisation is formed by passing a special Act of Parliament and is an initiative of private enterprises having the power of the government. It is an organisation that works directly under the ministry and ensures a high degree of public accountability. This form of organisation was established under the Indian Companies Act of 1956. 
Ownership Wholly owned by state Wholly owned by government In this at least 51% shares are owned by the central,state or partly by both the governments
Capital financing May borrow from the government and the general public. Financed through budget, can not borrow May borrow from the government, private enterprises and general public.

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