Question

what is statutory company?

Answer 1

Statutory corporation are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments.....Hope it helps

Answer 2

statutory cooperation are public enterprises brought into existence by a special act of the Parliament. The act defines it's powers and functions, rules and regulations governing it's employees and it's relationship with government departments.