Question

b) Discuss the features of Statutory Corporations?​

Answer 1

Answer:

It is a Corporate Body. It is an artificial person created by law & is a legal entity. ...

Owned by State. State provides help to such corporations by subscribing to the capital fully or wholly. ...

Answerable to the Legislature. ...

Own Staffing System. ...

Financial Independence.

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Answer 2

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The main characteristics of the statutory corporation are: It is a Corporate Body. It is an artificial person created by law & is a legal entity. Owned by State. State provides help to such corporations by subscribing to the capital fully or wholly. Answerable to the Legislature. Own Staffing System.