Legal Status and Rights of Public Corporation with Reference to Rule of Administration

Authors

  • Dr. Pawan Kr Mishra

Keywords:

Government Company,, Public Corporation,, Public Services, Rights and Duties

Abstract

“A good company is a journey makes the way seem shorter.” The above quote by Izaal Walton clearly defines the whole workings of a company in few words. Today, probably the giant corporations, the labour unions, trade associations and other powerful organisations have taken the substance of sovereignty from the state. We are witnessing another dialectic process in history, namely, that the sovereign state having taken over all effective legal and political power from groups surrenders its powers to the new massive social groups. Being a company is simply being a legal entity which is formed by an association of people may be legal or natural and a government company can simply be associated with the company which is owed by government or simply the company in which government have its share more than 51%. Likewise a public corporation is an statutory or non-statutory body which is formulated for working in the public domain and working for people to enhance the public sector economy. A corporation is an artificial being created by law having legal entity entirely separate and distinct from the individuals who compose it with the capacity of continuous existence and succession, notwithstanding changes in its membership. This paper basically deals with the basic concepts of government companies and public corporations, their structural mechanism, working criteria, rights, duties and liabilities

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References

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Published

30-05-2018

How to Cite

Dr. Pawan Kr Mishra. (2018). Legal Status and Rights of Public Corporation with Reference to Rule of Administration. Research Ambition: An International Multidisciplinary E-Journal, 3(I), 28–39. Retrieved from http://researchambition.com/RA/index.php/ra/article/view/73

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