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प्रश्न
Distinguish Between Government Company and Statutory Corporation.
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उत्तर
| S. No. | Points | Government Company | Statutory Corporation |
| 1. | Meaning | “Government company” means a company where a minimum of 51% of the paid-up capital is held by the central or state government jointly or individually. | The company that is formed under a special act of Parliament or state legislature is known as a statutory corporation. |
| 2. | Capital | The capital is contributed by the central government, state government or even the general public. | Capital for the statutory company comes from the central or state government. |
| 3. | Management | The government company is managed by the Board of Directors appointed by the government and shareholders. | It is managed by a board of directors nominated by the government. |
| 4. | Control | These companies are controlled by the government or shareholders. | It is controlled by the government by the Act of Parliament or State Legislature. |
| 5. | Establishment | Government companies are formed and registered under the provisions of the Companies Act, 2013. | It is established by passing a special act in the parliament or in the state legislature. |
| 6. | Borrowing power | Government companies can borrow funds by way of debt or issuing shares to the public. | Statutory companies can borrow from the public by issuingshares and debentures. |
| 7. | Flexibility | Government companies are more flexible in the operations of the business. They can change the line of business as per the market trend. | It has moderate flexibility in its operation. |
| 8. | Autonomy | It has full autonomy, as it is incorporated under the Companies Act, 2013. | It has autonomy in decision-making. |
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संबंधित प्रश्न
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
A statutory corporation is answerable to ______ Or state assembly whosoever creates it.
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.
Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.
Answer in one sentence.
What is Statutory Corporation?
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
Correct the underlined word and rewrite the following sentence.
A Statutory Corporation is not answerable to parliament or state assembly.
State any four features of statutory corporation.
Justify the following statement.
There is no political interference in statutory corporations.
Justify the following statement.
There is professional management in statutory corporation.
Attempt the following.
Demerits of Statutory Corporation.
Answer the following in detail.
Explain Statutory Corporation and its features.
Answer the following in detail.
Explain merits and demerits of Statutory Corporation.
Match the pairs.
| Group A | Group B |
| A) BHEL | 1) Special Legislature |
| B) Statutory Corporation | 2) 49% paid up capital by govt. |
| C) Departmental Organisation | 3) Service Motive |
| D) Private Sector | 4) Railway |
| E) Public Sector | 5) Profit Motive |
| 6) 51% paid up capital by govt. |
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid up capital by govt. | ||
What is one main role of the Reserve Bank of India as a statutory corporation?
Statutory corporations are accountable to which entity?
