Exercises · Q6
Q.Distinguish between a Departmental Undertaking and a Statutory Corporation.
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Start your 14-day free trial to unlock the full solution →| Basis | Departmental Undertaking | Statutory Corporation |
|---|---|---|
| How created | A Government department/order | A special Act of the Legislature |
| Legal status | Not a separate legal entity | Separate legal entity |
| Financing | Entirely from the Government budget | Wholly/mainly Government-financed |
| Staff | Civil (government) servants | Its own employees |
| Autonomy | Least — follows government financial/service rules | Considerable — manages its own day-to-day affairs |
| Example | Indian Railways | Life Insurance Corporation of India |
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