Question

define statutory corporation? its features, merits and demerits also.​

Answer 1

Answer:

Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations etc. are also decided by the act of the legislature

Explanation:

follow me please

Answer 2

Answer:

statory corporation are a public enterprises brought into existence by a special Act of a parliament.the Acts defines its power and function, rules and regulations governing its employees and realtionship with government.

the features of statutory corporation are

1. It is a corporate body.

2.owned by state.

3.own staffing system.

4.financial independence.

answerable to the legislature.

the advantage of statutory corporation are

1.Quick decision.

2.service motive.

3.Efficient staff.

4.Easy to raise capital.

5.adminstrative autonomy

the disadvantage of statutory corporation are

1.autonomy on paper only

2.Rigid structure.

3.unfair practice

4.suitability

please mark me as brainlist

please follow me