what is statutory company?
Answers
Answered by
2
Answer:
When a Company is incorporated/formed by passing a Special Act at the Legislature, it is called as a Statutory Company. ... These companies are also known as the Statutory corporations or public corporations.
Answered by
1
Answer:
A statutory corporation is a corporation created by the state. Their precise nature varies by jurisdiction, thus, they might be ordinary companies/corporations owned by a government with or without other shareholders, or they might be a body without shareholders that is controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation.
Similar questions