The public corporation form of management of the public enterprise has been most widely used in England and in the commonwealth countries. There are very few state companies at all in Great Britain. Whereas state company forms are extremely popular in the continent of Europe, in France, in Germany, and in Italy in particular.
India, Cornwallis’s report advocated that the state company has advantages over the public corporation for most kinds of manufacturing enterprises as it is more flexible in nature. But the report of the estimate committee said that the public companies are more or less extension of the governmental department because of it possesses very little autonomy at all.
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