Distinguish between a Public Corporation and a public ltd company

Public Corporation Public Corporation Ltd
i)Initial  capital usually provided  by

the  government

ii)Enacted  through legislation  by  an act  of parliament

iii)Managed  by board  of  directors  appointed by  the government

iv)Not profit  geared

v)Profit  paid as divided  to government

i)Initial capital raised through share capital  contribution

ii)Established  by promotes through companies  act

iii)managed  by  board  of directors elected  by  share holders

iv)operate in order  to make profit

v)profit  distributed  to share  holders as  dividends

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