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Features of Departmental Undertaking, Statutory Corporation & Government company... |
| Answer» Statutory Corporation:\tThis type of organization is formed by passing a special act of Parliament. It is an initiative of private enterprises.\tIt is completely owned by the state.\tDepartmental Undertaking:\tIt is a department which works under a minister and ensures high degree of public accountability.\tIt is completely owned by government.Government Company:\tThis form of organization gets established under the Indian Companies Act of 1956.\tIn this at least 51% of the share is owned by the central government or partly by both; central and states. | |