Business Studies

Which of the following entity is created under an Act of the Parliament or an Act of the State legislature?


ANSWER

Statutory corporation


SOLUTION
Statutory corporation refers to public enterprise which is created by a special Act of Parliament or State Legislature. which provides for its management and methods of running them,their powers and privileges are determined and their relation with government departments are specified.
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Single Correct Medium Published on 18th 08, 2020
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