Question

Feature(s) of a public corporation is/are _____________________.

• A. It is a body corporate which is established only under the Companies Act, 1956
• B. It enjoys a separate legal entity with perpetual succession and common seal.
• C. It can acquire an own property but not on its own name.
• D. All of above

Answer 1

The correct option is B It enjoys a separate legal entity with perpetual succession and common seal.

It enjoys a separate legal entity with perpetual succession and common seal- it is a feature of public corporation. A public corporation is a combination of public ownership, public accountability and business management for public end. A public corporation can also be defined as an organization that is clothed with the power of government but is possessed with the flexibility and initiative of private enterprise.