What is the difference between undertaking and enterprise?

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What is the difference between undertaking and enterprise?

The term public sector undertaking or Enterprise refers to a Government Company. Public sector enterprises on the other hand refer to those companies registered under the Companies Act, 1956,which are predominantly owned by Government and which are managed by a Government appointed Chairman and Managing Director.

What is the difference between enterprise and entity?

The main difference between Entity and Enterprise Data Model is that Entity Data Model is a model that describes the structure of data despite the stored form, while Enterprise Data Model is a model used by an organization.

What are the types of business undertaking?

There are three types of business undertakings:

  • Private Undertakings.
  • Public Undertakings.
  • Joint Sector Undertakings.

What is the difference between business and enterprise?

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A business (also called firm) is a legally recognized organizational entity designed to provide goods and/or services to consumers. An enterprise is a business and the ways it is formed i.e. Privately held, publicly held or Pvt Ltd Companies are different ways company chooses to distribute their stocks/shares.

What is govt enterprise India?

A government-owned enterprise, government-owned corporation, statutory corporation and a nationalised company in India is called a public sector undertaking (PSU) or a public sector enterprise.

What is the difference between an enterprise and a LLC?

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. Limited Liability Company (LLC) – An LLC offers the legal protection of a corporation and the tax treatment of a partnership.

What is a company undertaking?

(1)In the Companies Acts“undertaking” means— (a)a body corporate or partnership, or. (b)an unincorporated association carrying on a trade or business, with or without a view to profit.

What is a Govt undertaking?

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Government undertaking means any Industrial undertaking carried on by a department of Government or by a corporation established by a Central provincial or state act, which is owned or controlled by the Government or by a govt. company as defined in Section 617 of the company Act, 1956.