1. what are the limitations of Statutory corporations.
Can I get your intro, thx for thanking me.
parmarseema980.
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(1) Difficult Formation: It is very difficult to form statutory corporations because it requires lengthy documentation, complicated formalities & passing of statue. (2) Rigidity: The policies once approved, the statue once passed cannot be changed easily.
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Demerits of Statutory Corporations.
monopoly powers.
special powers, defined by the act or statute.
regular grants from the government.
an appropriate combination of public accountability & operational autonomy.
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