Question

explain the meaning and the features of public corporation

Answer 1

A public corporation is created by a special Act of the Parliament or the State Legislature. The Act defines its powers, objectives, functions and relations with the ministry and the Parliament (or State Legislature). ... However, many public corporationshave also begun to raise money from the capital market.

Advantages. By issuing shares for sale to public investors, a publicly held corporation typically generates more capital and revenuethan a privately held corporation does. Debts incurred by a publicly held corporation are less detrimental because there are more investors to share the burden.