Question

Write merits and demerits of statutory corporation?​

Answer 1

Answer:

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Answer 2

Answer:

*Merits of Statutory Corporations*

1. Autonomy of operation

2. Absence of political interference.

3. Quick and prompt decision.

4. Absence of exploitation.

5. Ease of raising capital.

*Demerits of Statutory Corporations*

1. No flexibility in operation.

2. Misuse of powers.

3. Lack of efficiency.

4. Not easy to alter activities.

5. Political interference could be there.

Explanation:

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