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Differences between public corporation and a public limited company include;Public corporation is formed under the act of parliament while Public limited company is formed under the company‘s act.Public corporation is fully owned by the government while public limited is Owned by private persons who own shares.Public corporation's initial capital is provided by the state or through state guarantees while public limited's Capital obtained through issue of shares, selling of debentures or other loansPublic corporation management is appointed by the government (Board of directors) while public limited directors elected by the shareholders.Public corporation is set – up to offer essential services to the public while public limited is formed to make profit.Public corporation, the profit made rest on the parliament while public limited, the profits rest with the shareholders or creditors.Public corporation performs specific functions and related activities while public limited performs various functions.
Differences between private limited company and public limited company are;Private limited company is formed by minimum of 2 shareholders while public limited company is formed by minimum of 7 shareholders.Private limited company has maximum of 50 shareholders while public limited company has no maximum number of shareholders.Private limited company commences immediately it receive certificate incorporation while public limited company waits for certificate of trading.Private limited company, shares are not freely transferable while public limited company shares are freely transferable.Private limited company is not a must for books of account to be audited while public limited company, books of account are audited annually.Private limited company cannot draw prospectus while public limited company must prepare a prospectus.
HEF loan application was introduced in 2023 and it is only meant for students who were placed by KUCCPS IN 2023 going forward. On the other hand, HELB is meant for students who joined University before 2023. HELB may in the future not exist.Here is HEF loan application guide.
For you to get HELB loan, you have to apply for it, and for you to be funded by the government, you do not have to apply. All students who were placed to University or College by KUCCPS are government funded. You can be funded by the government and also get HELB loan if you applied for it.
The difference between CBC and CBA is that CBC refers to the curriculum that is used to teach in Kenya while CBA is the assessment that is used to assess the qualification of learners. CBA assessment is carried out by KNEC at different grades.