Forms of business organization


Public Sector Organisation – Needs/Objectives


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Presentation “FORMS OF BUSINESS ORGANIZATION”

Public Sector Organisation – Needs/Objectives

Types of Public Sector Organisations

Public Sector Organisations are divided into the following forms:

  • Departmental Undertakings
  • Public Corporations
  • Government Companies

Departmental Undertaking

Features

  • Formation- created by Govt and attached 
  • to particular ministry

  • No separate Legal Entity
  • Management and Control- by concerned 
  • ministry

  • Finance- wholly financed by govt 
  • No Borrowing powers

Departmental Undertaking

Merits

  • Easy to form
  • Easy Financing
  • Secrecy-suitable for defence undertaking
  • Misuse of funds- Govt audit of financial 
  • records. 

Departmental Undertaking

Demerits

Public Corporations

Features

  • Formation- By Act of Central/State legislature
  • Separate Legal Entity
  • Management and Control- Board of Directors
  • Finance- Wholly financed by Govt.
  • Borrowing powers: It can borrow from public
  • Staffing – No civil servants, governed by contract 

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