1.4.2 Public Sector Business Organisations
Public Corporation
It is established under a Special Act of the legislature (of the state government). It enjoys a separate legal existence and its working is not affected by government rules and regulations. RBI and Damodar Valley Corporation are a few examples of it.
Government Company
It is set-up under the Companies Act, 1956, with the government contributing either its entire share capital or majority of the shares (at least 51per cent). Government companies are registered both as public limited and private limited companies. The Coal Mines Authority Ltd., Steel Authority of India Ltd. are examples of government companies.
Government Department
In a departmental organisation, the enterprise works ...
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