Mention any two merits of Statutory Corporations.
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1.Uninterrupted life:
A co-operative society enjoys perpetual existence. The death, retirement, insolvency, or lunacy of a member does not bring the society to a close.
2.1. Easy formation:
To form a cooperative what is required is to find 10 like-minded adults few documents, small formalities and nominal expenses on formation.
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Answer:
the two merits of statutory corporation are
- quick decision
- administrative autonomy
Explanation:
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