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Question
Justify the following statement.
There is no political interference in statutory corporations.
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Solution
- A statutory corporation is an autonomous corporate body.
- Statutory Corporation is an artificial person created by law and it has an independent legal entity.
- Employees are not government servants.
- A statutory corporation enjoys financial autonomy or independence.
- A statutory corporation comes into existence by following a particular act, therefore, there is no political interference information.
- Thus, all statutory corporations are free from political interference.
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