corporation

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corporation

a business entity such as a company incorporated under legislation, usually a Companies Act, which can make the shareholders legally responsible only for the profits and debts of the company. That is the shareholders are not personally responsible. It has been held for generations that members of professions could not practice as corporations because they would lose their personal responsibility to their clients. It is becoming more common for this rule to be discarded.
References in periodicals archive ?
Meanwhile, Local Government Department, Government of Punjab has issued notification for transfer of Municipal (Regulation) Officer, Municipal Corporation Sahiwal, Muhammad Munsha Ahsan and posted him against the vacant post of Municipal Officer (Regulation), Municipal Corporation Bahawalpur with immediate effect and until further orders.
New Delhi [India], Jan 5 ( ANI ): The Delhi High Court on Friday directed the Municipal Corporation of Delhi (MCD) to clear the dues of East Delhi Municipal Corporation (EDMC) and the North Delhi Municipal Council (NDMC) primary school teachers.
They have urged the officials of the Sialkot Waste Management Company (SWMC) and Sialkot Municipal Corporation to ensure early lifting of trash from all parts of the Sialkot city and ensure their dumping at the suitable places.
According to a press release issued here on Tuesday, Mayor Aqeel Najam Hashmi will preside over the meeting that would be attended by the members of the Municipal Corporation and officials of departments concerned.
Brihanmumbai Municipal Corporation also noticed flower pots in Meera Patel's ( Vidya's other neighbour) residence, after which it served legal notice to both of them under section 381 ( B) of the Mumbai Municipal Corporation Act.
However in another incident, municipal corporation officials carried out massive operation against encroachments in Charsada Road, impounding one truck luggage and also arrested eight persons over resistance.
The number of units and water supply available to these units varies in each municipal corporation.
12, former Green Party candidate Ken Burns maintained that he was fundamentally opposed to the idea of a municipal corporation because of potential negative impact on small business and job creation He argued that business opportunities should be pursued by the private sector because when government got into private enterprise, it had an unfair advantage against private business.
The corporation is a distinct municipal corporation under Indiana state law that has executive and legislative powers, including the ability to levy taxes on all taxable property within the county (including the City of Indianapolis) and to issue general obligation debt.
They also urged the officials concerned to ensure early repairing of all the broken tractortrolleys of Sialkot Municipal Corporation.
72 crore was released to the East Delhi Municipal Corporation in 2016-17, while it got Rs 287.

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