Business Studies, asked by asaadfatam9119, 1 month ago

A statutorycorporation is a body corporate.true or false.give reason

Answers

Answered by FuzzieGirl
0

Yes , the mentioned statement is true...

A statutory corporation is a body corporate

Reason:

By a special act of parliament or by the central or state legislature the statutory corporation is formed as a body corporate.

As it is fully financed by the government.

Its powers, objects, limitations etc. are also decided by the act of the legislature...

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