7 statutory corporation with information
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Answer:
Answer:
Australia ~In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments.
Germany ~A statutory corporation in Germany is called a Körperschaft des öffentlichen Rechts
Hong Kong ~ In Hong Kong, some corporations are incorporated by legislation. An example is the Kowloon-Canton Railway Corporation, which owns the railway network and was previously also an operator
India ~Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments.
This is a body corporate created by the legislature with defined powers and functions and is financially independent with a clear control over a specified area or a particular type of commercial activity. It is a corporate person and has the capacity of acting in its own name.
Republic of Ireland ~In the Republic of Ireland, a statutory corporation is a body corporate, which is created under a particular Act of the Oireachtas
Netherlands ~In the Netherlands, the term "public body" is the general denomination for administrative divisions within the Dutch state or certain other types of governmental organisations
United Kingdom~In the United Kingdom, a statutory corporation is a corporate body created by statute. It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation