Question

what is meant by statutory corporation?Give two examples.​

Answer 1

Answer:

Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. ... 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.

Answer 2

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Explanation:

Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. ... 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.