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public sector, Set up under an act of parliament and are governed by the…
public sector
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Statuary corporations
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Management
Management is vested in board of directors nominated or appointed by the government. No government interference in day to day activities of the enterprise
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Finance
Initial capital is provided by the government. It is financially independent and can raise funds by borrowing or through the earnings of the enterprise
Government company
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Finance
Obtains funds from govt. shareholdings or other private shareholdings. It is also permitted to raise funds from the capital market
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