explain features of statutory corporation?
Answers
Answered by
8
Answer:
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. ...
Financial Independence.
Answered by
4
Answer:
(1) It is an artificial person created by law and is a legal entity .
(2)It is owned by state .
(3)It is a corporate body.
(4)It has a right to enter into contracts and can undertake any kind of business under its own name.
Similar questions