Public company
Government company
Statutory corporation
Department of union government
Answer is Right!
Answer is Wrong!
The correct answer is: C. Statutory corporation.
A statutory corporation is a corporation that is created by a statute or an act of Parliament. It is a body corporate with perpetual succession and a common seal. It is also a legal person distinct from its members.
A public company is a company that is listed on a stock exchange and whose shares are available to the public for purchase.
A government company is a company that is owned and controlled by the government.
A department of the union government is a part of the executive branch of the government of India.
Here are some additional details about each option:
- Public company: A public company is a company that is listed on a stock exchange and whose shares are available to the public for purchase. Public companies are required to disclose more information about their financial performance than private companies.
- Government company: A government company is a company that is owned and controlled by the government. Government companies are typically formed to carry out a specific government function or to provide a public service.
- Statutory corporation: A statutory corporation is a corporation that is created by a statute or an act of Parliament. It is a body corporate with perpetual succession and a common seal. It is also a legal person distinct from its members. Statutory corporations are typically formed to carry out a specific function or to provide a public service.
- Department of the union government: A department of the union government is a part of the executive branch of the government of India. Departments are responsible for carrying out the policies of the government and for providing services to the public.