In this Video, Dr. Shivani Bansal, assistant professor, Biyani Girls College, Jaipur, explains about the government-owned corporations which are termed as Public Sector Undertakings (PSUs) in India. In a PSU majority (51% or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments.
The Comptroller and Auditor General of India (CAG) audits government companies. In respect of government companies, CAG has the power to appoint the Auditor and to direct the manner in which the Auditor shall audit the company’s accounts. www.biyanicolleges.org, www.gurukpo.com.
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