Business Studies, asked by yunus98201, 5 months ago

This form of organisation is created by the legislature with define powers and functions. Identify the organization and states it's features

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Answered by rohit12348

2

Answer:

Statutory Corporation is formed by passing a Special Act of Parliament or State Legislature. ... It is formed by a special Act by the parliament or state legislature which defines its power and functions. It has a separate legal entity. The Board of Directors are nominated or appointed by the Government.

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