Accountancy, asked by pynsprasad29, 6 months ago

Explain Statutory company​

Answers

Answered by anushkayadav8073
2

Answer:

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. ... It is a corporate person and has the capacity of acting in its own name.

Answered by salimshaikh4851
0

Answer:

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. ... It is a corporate person and has the capacity of acting in its own name.

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