difference between departmental undertaking. statutory corporation.government company
Hey,
| 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. |