Multiple choice

Which of the following entities is/are created under an Act of the Parliament or an Act of the State Legislature?

  1. Statutory corporation

  2. Government companies

  3. Co-operative society

  4. Limited liability partnership

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statutory corporation refers to a corporate body created by the Parliament or State Legislature by a special act which defines its powers, functions and pattern of management.