What type of legal entity is Biecco Lawrie Limited if it manufactures medium-voltage switchgears as a commercial activity on behalf of the Government of India?
Biecco Lawrie Biecco Lawrie Limited (BLL) is a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas (PSU) of the Government of India and was established in 1919 as British India Electric Construction Company Limited. BLL manufactures medium-voltage switchgears and have separate turnkey project and Electrical Repair division and is headquartered in Kolkata, West Bengal.
Trust company A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of trusts and in managing estates. Trust companies are not required to exercise all of the powers that they are granted. Further, the fact that a trust company in one jurisdiction does not perform all of the trust company duties in another jurisdiction is irrelevant and does not have any bearing on whether either company is truly a "trust company". Therefore, it is safe to say that the term "trust company" must not be narrowly construed.