what is corporation? ?
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A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.
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Public Corporation/Statutory Corporation A statutory corporation is a body corporate formed by Special Act of Parliament or by the central or state legislation. It is fully financed by the government. (i) Features. (a) It is created by an Act of Parliament or central or state legislature..✌️
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