2 edition of Government sponsored corporations and commercial undertakings. found in the catalog.
|Statement||Ministry of Finance|
|Publishers||Ministry of Finance|
|The Physical Object|
|Pagination||xvi, 53 p. :|
|Number of Pages||77|
nodata File Size: 4MB.
It can be created by an executive decision without parliamentary approval. Management — A Government company is managed by a Board of Directors nominated by the Government and other shareholders. Functions: The initial thrust of TCOs activities was in the area of pre-investment studies.
Actually it is a stark reality.the Federal Deposit Insurance Corporation ; a temporary agency e. Lack of Accountability: A Government company is exempt from various provisions of the Companies Act and, therefore, lacks accountability. NABARD also launched a District Rural Industries Project in Mid-1993. Those were created during the Great Depression as ways to create home ownership in that nation by making sure banks had money to loan to people wanting to buy houses.
Code defines a "government corporation" as "a corporation Government sponsored corporations and commercial undertakings. or controlled by the Government of the United States" 5 U. Seven private railroad corporations went bankrupt and it required the federal government to resolve bankruptcy issues, establish a long-term, comprehensive commercial rail plan, develop corporate management capacity, invest capital funds, renegotiate contracts, and get the whole project functioning in a short period of time.
Government assists the units in marketing their products in the following ways: i Exclusive purchase of SSIs products by the government. Accounting and Audit — Accounting and audit functions of a departmental undertaking are undertaken on the same pattern which is relevant to other Government departments. In 1996, the board of directors of the Federal National Mortgage Association changed its name to Fannie Mae, although the law still refers to the organization by its former name.
These are created for merely business purposes and may be formed as a private limited company or a public limited company. " Perhaps because of such anomalies, although the bylaws call for "regular meetings," the board never met between March 1982 and April 1991. Corruption — Rampant corruption exists is where dealing with public is involved. ADVERTISEMENTS: In order to protect, support, and promote small enterprises as also to help them become self-supporting, a number of protective and promotional measures have been undertaken by the government.
gov are for organizations and entities supporting the development and management of government-funded programs and projects. This monopoly may be abused and may result in poor service to the public. Setting up or assisting in the setting up of factories for the producers of coir products with the aid of power; h. Understanding the unique character of government management, based as it is upon tenets of public law, provides guidance in weighing these choices.
Legal Status Government corporations, no matter what function they perform or how "private" they may appear to the public or to themselves, are agents of the state subject to constitutional limitations.
Seidman, Politics, Position, and Power, 5 th ed.
CHARACTERISTICS OF DEPARTMENTAL UNDERTAKING ARE: 1.