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Statutory Corporation
A statutory corporation is a corporation, government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, but they are corporations owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the federal Department of Finance (Australia), Department of Finance's glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory auth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in Corporate law, law for certain purposes. Early incorporated entities were established by charter (i.e., by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers, registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue share capital, stock, or whether they are formed to make a profit (accounting), profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this articl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MTR Corporation Limited
MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. It is listed on the Hong Kong Stock Exchange, Hong Kong Exchange and is a component of the Hang Seng Index. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in Elizabeth line, London, Stockholm Metro, Stockholm, Beijing Subway, Beijing, Hangzhou Metro, Hangzhou, Macau Light Rapid Transit, Macao, Shenzhen Metro, Shenzhen, Sydney Metro, Sydney, and a suburban rail system in Metro Trains Melbourne, Melbourne. History The Mass Transit Railway Corporation () was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transport needs. On 30 June 2000, the MTRC was succeeded by the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidy
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of The Oireachtas
The law of Ireland consists of constitutional, statutory, and common law. The highest law in the State is the Constitution of Ireland, from which all other law derives its authority. The Republic has a common-law legal system with a written constitution that provides for a parliamentary democracy based on the British parliamentary system, albeit with a popularly elected president, a separation of powers, a developed system of constitutional rights and judicial review of primary legislation. History of Irish law The sources of law in both the Republic of Ireland and Northern Ireland reflect Irish history and the various parliaments whose law affected the island of Ireland down through the ages. The Brehon Laws The Brehon Laws were a relatively sophisticated early Irish legal system, the practice of which was only finally wiped out during the Cromwellian conquest of Ireland (ending in 1653). The Brehon laws were a civil legal system only – there was no criminal law. Acts that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Ireland
Ireland ( ), also known as the Republic of Ireland (), is a country in Northwestern Europe, north-western Europe consisting of 26 of the 32 Counties of Ireland, counties of the island of Ireland, with a population of about 5.4 million. Its capital city, capital and largest city is Dublin, on the eastern side of the island, with a population of over 1.5 million. The sovereign state shares its only land border with Northern Ireland, which is Countries of the United Kingdom, part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east and the Irish Sea to the east. It is a Unitary state, unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President of Ireland, president () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (prime minister, ), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Corporation Of India
The Food Corporation of India (FCI) is a public sector company. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. The corporation was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in state capitals. Mandate The Food Corporation of India was set up on 14 January 1965 by Government of India, having its first district office at Thanjavur, and headquarters at Chennai, under the Food Corporations Act 1964 to implement the National Food Policy's objectives. Statistics The FCI is one of the largest corporations in India started by the government, and one of the largest supply chain management companies in Asia. It operates through five zonal and 26 region ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inland Waterways Authority Of India
Inland Waterways Authority of India (IWAI) is the statutory authority in charge of the waterways in India. It was constituted under IWAI Act-1985 by the Parliament of India.http://iwai.nic.in/showfile.php?lid=882 See section 3 of the act Its headquarters is located in Noida, Uttar Pradesh. India has an extensive network of inland waterways in the form of rivers, canals, backwaters and creeks. The total navigable length is 14,500 km, out of which about 5200 km of the river and 4000 km of canals can be used by mechanised crafts. Freight transportation by waterways is highly under-utilised in India compared to other large countries and geographic areas like the United States, China and the European Union. The total cargo moved (in tonne kilometres) by the inland waterway was just 0.1% of the total inland traffic in India, compared to the 21% figure for the United States. Cargo transportation in an organised manner is confined to a few waterways in Goa, West Bengal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Warehousing Corporation
Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 to provide logistics support to the agricultural sector. It operates 422 warehouses across India with a storage capacity of 10 million tonnes. Services include foodgrain warehouses, industrial warehousing, custom bonded warehouses, container freight stations, inland clearance depots and air-cargo complexes. Function The Warehousing Corporation act, 1962: Subject to the provisions of this Act, the Central Warehousing Corporation may: *Subscribe to the share capital of a State Warehousing Corporation; *Act as agent of the Government for the purposes of the purchase, sale, storage and distribution of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities; and *Carry out such other functions as may be prescribed. The Warehousing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Highways Authority Of India
The National Highways Authority of India or NHAI () is an autonomous agency of the Government of India, set up in 1995 (Act 1988) and is responsible for management of a road network of over 50,000 km of National highways out of 1,32,499 km in India. It is a nodal agency of the Ministry of Road Transport and Highways (MoRTH). NHAI has signed a memorandum of understanding (MoU) with the Indian Space Research Organisation (ISRO) for satellite mapping of highways. History The National Highways Authority of India (NHAI) was created through the promulgation of the ''National Highways Authority of India Act, 1988''. Section 16(1) of the Act states that the function of NHAI is to develop, maintain and manage the national highways and any other highways vested in, or entrusted to, it by the Government of India. On 10 February 1995, NHAI came into operations and was formally made an autonomous body. It is responsible for the development, maintenance and management of Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Damodar Valley Corporation
Damodar Valley Corporation (DVC) is a statutory corporation which operates in the Damodar River area of West Bengal and Jharkhand states of India to handle the Damodar Valley Project, the first multipurpose river valley project of independent India. Astrophysicist Meghnad Saha played a pioneering role in conceptualizing and advocating for the Damodar Valley Project. DVC operates both thermal power stations and hydel power stations under the ownership of Ministry of Power, Government of India. DVC is headquartered in the Kolkata, West Bengal, India. DVC is currently undergoing corporatization and restructuring to explore the possibility of an IPO to raise funds for expansion. History The valley of the Damodar River was flood prone and the devastating flood of 1943, lead to the formation of the high-powered "Damodar Flood Enquiry Committee" by the government of Bengal. The committee recommended the formation of a body similar to the Tennessee Valley Authority of the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airports Authority Of India
The Airports Authority of India (AAI) is a statutory body under the ownership of the Ministry of Civil Aviation (India), Ministry of Civil Aviation, Government of India. It is responsible for creating, upgrading, maintaining, and managing civil aviation infrastructure in India. It provides Communication Navigation Surveillance/Air Traffic Management (CNS/ATM) services over the Indian airspace and adjoining oceanic areas. AAI currently manages a total of 137 airports, including 34 international airports, 10 Customs Airports, 81 domestic airports, and 23 Civil enclaves at Defense airfields. AAI also has ground installations at all airports and 25 other locations to ensure the safety of aircraft operations. AAI covers all major air routes over the Indian landmass via 29 Radar installations at 11 locations along with 700 VHF omnidirectional range, VOR/DVOR installations co-located with Distance Measuring Equipment (DME). 52 runways are provided with Instrument landing system (ILS) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Personhood
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, a corporation has the same rights as a natural person to hold property, enter into contracts, and to sue or be sued. Granting non-human entities personhood is a Western concept applied to corporations. Early history Ancient Indian society used legal personhood for political, social, and economic purposes. As early as 800 BC, legal personhood was granted to guild-like '' śreṇī'' that operated in the public interest. The late Roman Republic granted legal personhood to municipalities, public works companies that managed public services, and voluntary associations ('' collegia'') such as the early Catholic Church. The diverse collegia had different rights and responsibilities tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
