Name the other statutory corporation
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1. Hindustan Organic Chemicals Limited (HOCL), Mumbai, Maharashtra 2. Hindustan Fluorocarbons Limited (HFL), Hyderabad, Telangana 3. Hindustan Insecticides Limited (HIL), New Delhi 4.
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Statutory Corporations
Statutory corporations are body corporates 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. Examples include Air India, State Bank of India, Life Insurance Corporation of India etc.
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