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Showing posts with the label Public Corporation

What Do You Mean By Judgement

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Meaning of Judgement : Judgement means the observation and decision of court of law in respect of a particular case after conclusion of a trial. Content of Judgement : Every Judgement - Shall be written in the language of the court. Shall contain the point or points for determination, the decision there on and the reason for the decision. Shall specify the offence of which and section of The Indian Penal Code, 1860 or other law under which the accused is convicted and the punishment to which he is sentenced. If the Judgement is of acquittal, it shall state the offence, of which the accused is acquitted and direct that he be set at liberty section 354(1). Object : The object should be to protect the society and to deter the criminal in achieving the avowed object of law by imposing appropriate sentence. The social impact of the crime like where its relates to offences against woman, kidnapping and other offences involving moral delinquency which have great impact on s...

Public Corporation: Meaning, Features and Advantages

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Meaning of Public Corporation: A public corporation is that from of public enterprise which is created as an autonomous unit, by a special Act of the parliament or the state Legislature. Since a public corporation is created by a statute; it is also known as a statutory corporation. The statute defines the objectives, powers and functions of the public corporation. Life Insurance Corporation of India, the Indian Airlines, the Air India International, Oil and Natural Gas Commission etc. are some examples of public corporations, in India. Features of Public Corporation: 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 power, objectives, functions and relations with the ministry and the parliament(or state Legislature). (ii) Separate Legal Entity: A public corporation is a separate legal entity with perpetual succession an...