Question

Differentiate between a departmental undertaking and a statutory corporation on the basis of formation, status, autonomy, management and financing.

Answer 1

Statutory Corporation	Departmental Undertaking
This type of organization is formed by passing a special act of Parliament.	It is a department which works under a minister and ensures high degree of public accountability.
It is an initiative of private enterprises.	It is completely owned by government.
It is completely owned by the state.	It does not enjoy any autonomy.
Its finance is provided by the government but it can borrow funds from public.	It receives its finance budgetary allocation, i.e through treasury.