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Question
Answer in one sentence.
What is Statutory Corporation?
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Solution
Statutory Corporation is an autonomous corporate body created by the special act of the parliament or state legislature with defined powers, functions and duties.
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RELATED QUESTIONS
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
Correct the underlined word and rewrite the following sentence.
A Statutory Corporation is not answerable to parliament or state assembly.
Explain the following term/concept.
Statutory Corporation.
Study the following case/situation and express your opinion.
A central government passes a statute in the parliament and forms a business organisation which is having autonomy in administration and this organisation is answerable to the legislature.
- Which type of organisation is this?
- Give any three Features of this organisation.
- Give anyone an example of this type of organisation.
State any four features of statutory corporation.
Justify the following statement.
There is professional management in statutory corporation.
Attempt the following.
Merits of Statutory Corporation.
Answer the following in detail.
Explain merits and demerits of Statutory Corporation.
Which of the following is a major advantage of statutory corporations in India?
What is one main role of the Reserve Bank of India as a statutory corporation?
Why can statutory corporations easily raise capital for their operations?
Which feature directly relates to employees following corporation rules rather than government rules?
