features of departmental undertaking
Dear student,
The features of Departmental Undertakings are:
1) These undertakings are financed by the Government budget and their revenue are paid into government treasury.
2) No legal formalities or registration is required in its formation. It is formed by administrative decision of Government.
3) The audit and accounting procedures applicable on government departments are applicable on these undertakings also.
4) These undertakings have high degree of public accountability.
5) The employees of departmental undertakings are civil servants.
6) These undertakings are useful for public utility services.
Regards
The features of Departmental Undertakings are:
1) These undertakings are financed by the Government budget and their revenue are paid into government treasury.
2) No legal formalities or registration is required in its formation. It is formed by administrative decision of Government.
3) The audit and accounting procedures applicable on government departments are applicable on these undertakings also.
4) These undertakings have high degree of public accountability.
5) The employees of departmental undertakings are civil servants.
6) These undertakings are useful for public utility services.
Regards