Advertisements
Advertisements
Question
Statutory Corporation is wholly owned by the government. Its entire equity share capital is contributed by the state.
Options
True
False
MCQ
Advertisements
Solution
True
Explanation:
A Statutory Corporation is a public-sector enterprise established by a special act of Parliament or State Legislature that is entirely owned by the government. The state contributes all of the equity capital in a statutory corporation.
shaalaa.com
Is there an error in this question or solution?
