Assertion: Statutory corporation is aslo known as public corporation. Reason: It is established under a special act of the parliament.
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statutory corporation is a body corporate formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. ... It is also called” public corporation”. State helps the statutory corporations by subscribing full capital and it is fully owned by the state. mark me as brainliests
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both A and R is correct and R is a correct explainaton of A
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