Summariseddefinitions with examples of Statutory Corporation, Departmental Undertaking and Government Companies.
Departmental undertaking-- this form of public sector enterprise is just like the departmental of govt.
Statutory corporation-- it is a body corporation formed by passing a special act of parliament or state legislature.
Govt.company-- A company in which at least 51% of paid- up share capital is held by govt of India is knw as govt company
Statutory corporation-- it is a body corporation formed by passing a special act of parliament or state legislature.
Govt.company-- A company in which at least 51% of paid- up share capital is held by govt of India is knw as govt company