Question

write a detail note on public corporations ​

Answer 1

Answer:

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 corporations have also begun to raise money from the capital market.

Explanation:

Features or Characteristics of Public Corporation

Public Corporation is created by Law. ...

Public Corporation is a Body Corporate. ...

Public Corporation is wholly Owned by the State. ...

Public Corporation is Free from Government Controls. ...

Public Corporation enjoys Financial Autonomy. ...

Service Motive. ...

Management. ...

Public Accountability.

hope it helps you

Answer 2

ANSWER

Public corporation" means an entity that is created by the state to carry out public missions and services. In order to carry out these public missions and services, a public corporation participates in activities or provides services that are also provided by private enterprise. A public corporation is granted increased operating flexibility in order to best ensure its success, while retaining principles of public accountability and fundamental public policy.

Features of Public Corporation:

Following are the salient features of a public corporation:

Following are the salient features of a public corporation:(i) Special Statute:

• Following are the salient features of a public corporation:(i) Special Statute: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).

(ii) Separate Legal Entity:

• (ii) Separate Legal Entity:A public corporation is a separate legal entity with perpetual succession and common seal. It has an existence, independent of the Government.

(iii) Capital Provided by the Government:

• (iii) Capital Provided by the Government:The capital of a public corporation is provided by the Government or by agencies controlled by the government.

Advantages of Public Corporation:

Advantages of Public Corporation:Following are the advantages of a public corporation:

Advantages of Public Corporation:Following are the advantages of a public corporation:(i) Bold Management due to Operational Autonomy:

• A public corporation enjoys internal operational autonomy; as it is free from Governmental control.

(ii) Legislative Control:

• (ii) Legislative Control:Affairs of a public corporation are subject to scrutiny by Committees of Parliament or State Legislature.

(ii) Legislative Control:Affairs of a public corporation are subject to scrutiny by Committees of Parliament or State Legislature. (iii) Qualified and Contented Staff:

• Public corporation offers attractive service conditions to its staff. As such it is able to attract qualified staff. Because of qualified and contented staff, industrial relations problems are not much severe.

HOPE IT HELPED !!!!!!