Trusted by millions of Kenyans
LoginRegister
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers
Or go directly to:
Class notes Holiday assignments Topical questions Other resources

Give five differences between public corporation and public limited company

Give five differences between public corporation and public limited company.

Answers

Masinde
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.
Mr Masinde answered the question on April 30, 2018 at 12:44

Answer Attachments

Next: Outline ways in which peace in a country can enhance entrepreneurial development

Previous: Explain ways in which Christians are tempted today

View more Business Studies Questions and Answers  |  Return to Questions Index

Exams With Marking Schemes

Related Questions