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
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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