Corporations and Public Undertakings Definition and Characteristics Classification of Public Corporation Liabilities of Public Corporation Control over Public Corporation

You buy a term-insurance policy from LIC, fly out of an airport run by a government authority, and pay your electricity bill to a state-owned company. None of these is a ministry office with a peon and a rubber stamp, yet the Government stands behind all of them. So when the airline counter loses your bag or the power company wrongly cuts your supply, who answers, and in which court? This topic asks how the State does business through corporations, and how the law keeps those corporations accountable.

In two minutes

A public corporation is a body corporate created by a special statute, owned and financed by the State, run with business-like freedom, and kept answerable through Parliament, the Executive, the auditor and the courts.

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