Question
Compare the three types of public enterprise.
| No. | Points | Departmental individual Management | Government Company | Public Corporation |
| $1$ | Meaning | When enterprise is run by the different department of Govt. then it is called Govt. dept. system. | According to Company Law a company is established by the govt. is called Government company. | A bill is passed in the Assembly or Parliament & a corporation is formed for the public welfare is called public corporation. |
| $2.$ | Establishment | Established by the cabinet of the Govt. | It is established according to 1956 Company Act. | A bill is passed to establish it in the Assembly or parliament. |
| $3.$ | Sources of Capital | Capital is allowed to each department as per the provisions of Govt. budget. | 51% or more share capital is of the Governmental | Government provides the entire capital freedom about the borrowing. |
| $4.$ | Entity | The Govt. dept. is considered as a part of the administration. | It gets a separate legal entity. | It gets a separate legal status according to special law. |
| $5.$ | Working Capital | Provision of working capital is made in annual budget. | Govt. Company has to make the provision for working capital. | Public corporation has to make the provision for working capital. |
| $6.$ | Accountability | Public accountability of the Departmental minister is more. | Govt. Company is answerable to Assembly or parliament. | Public Corporation are answerable to Assembly of parliament. |
| $7.$ | Autonomy | Officers have no autonomy to take the decisions. | Officers have autonomy to take the decisions. | Public Corporation has more autonomy to take the decisions. |
| $8.$ | Employees | All personnel working under department are considered Govt. employees. | In Govt. Company Employees are appointed by direct recruitment. | In Public Corporation employees are appointed by direct recruitment. |
| $9.$ | Management | Managed by dept. is directly under the control of the minister. | Managed by the Board of Directors or Managing Director. | Managed by the chairman and the directors appointed by the Govt. |
| $10.$ | Control | The related dept. is directly under the control of the minister. | Under the direct control of the Board of Directors or the Chairman. | Assembly or members of parliament keep control. |
| $11.$ | Favorable | More favorable for public utility services & the defense equipment. | More favorable for the industrial sector and foreign collaboration. | More favorable for agriculture industrial sector and public sector. |
| $12.$ | Illustrations | Defense Dept., Post & Telegram dept., Railway dept., Telephone dept., Air Force dept. | Hindustan Machine Tools Ltd., Hindustan Aeronautics Ltd. etc. | Life Insurance Corp., Gujarat State Finance Corp., Narmada Corp. , etc. |
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