distinguish public limited company and public enterprise
Answers
Answer:Public Corporation is an instrument of the State while public limited company, is a company in which not less than 51% of the share capital is held by the Central Government.
Public Corporation is created by the statute while public limited company is created by Articles of Association and Memorandum of Association.
Once a public corporation is established for certain purpose, it is a very hard to change its sphere and nature of business, unless and until the Parliament or State Legislature amend the original statute.While public limited company has the characteristics of a Private Company and the Articles of Association and Memorandum of Association can easily be amended by the resolutions, meetings of the members of the Government Company.
The object of the establishment has some more objectives, such as services in Public Corporation Where as the object of the establishment is purely commercial,in public limited company.
Prerogative writs can be issued against public Corporations where as in public limited company prerogative writs cannot be issued against them.