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Private, Public and Global Enterprises — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesPrivate, Public and Global Enterprises1 Mark
Question
Mention any two features of statutory corporation.
✓

Answer

The two features of statutory corporation are:
  1. It is a body corporate and has a separate legal entity.
  2. The powers, duties and functions of a statutory corporation are prescribed by the statute, passed by Parliament or State Legislature.

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