Explain difference between government and statutory company
Answers
Answered by
3
Answer:
Government company is a corporate body that is created under the Indian Companies Act, 1956. It is governed by provisions of Companies Act. Whereas, statutory corporation is a corporate body created by either Parliament or State Legislature by a special act which defines its powers, duties and functions.
Answered by
1
Answer:
Government company is a corporate body that is created under the Indian Companies Act, 1956. It is governed by provisions of Companies Act. Whereas, statutory corporation is a corporate body created by either Parliament or State Legislature by a special act which defines its powers, duties and functions.
Similar questions