Form of organisation is primarily used for provision of essential services
Such organizations function under the overall control of a ministry of the Government
Financed and controlled in the same way as any other government department
Refers to a corporate body created by the Parliament or State Legislature by a special Act.
Define its powers, functions and pattern of management
is also known as public corporation
Wholly capital provided by the government.
Examples: Life Insurance Corporation of India, State Trading Corporation etc.
51 % or more of the paid up capital is held by the government.
Registered under the Companies Act.
Fully governed by the provisions of the Act.
Owned and managed by government.