Define: Public Sector Undertaking
Public Sector Undertaking means a business where [Central or State Government] owns or controls the majority equity
Public Sector Undertaking means a business where [Central or State Government] owns or controls the majority equity.
Relevant Circumstances
- Formation of new business entities with government involvement
- Collaboration between private sector and government entities
- Public-private partnerships
- Contracts involving provision of goods and services to government entities