Question

i want2 ask d merits & demerits of Statutory corporation###​

Answer 1

Answer:

A statutory corporation is a body corporate 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. It is also called” public corporation”.

Merits of Statutory Corporations:

The main advantages of the statutory corporation are:

• Initiative & flexibility..
• Administrative autonomy..
• Service motive..
• Professional management..
• Easy to raise capital..

Demerits of statutory corporations:

• Autonomy on paper only..
• Lack of initiative..
• Rigid structure..
• Clash amongst divergent interests..

Hope this answer helpful to you..❤❤