It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation. [...] The phrase is not used to describe a company which operates as a conventional shareholder-owned company registered under the Companies Acts.
It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation. [...] The phrase is not used to describe a company which operates as a conventional shareholder-owned company registered under the Companies Acts.