* These companies are incorporated by Special Act. * Such Special Act is passed in Central or State legislative. * E.g. Reserve Bank of India, SBI, Unit Trust of India. LIC, etc.

Statutory company

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Statutory company

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Answer

These companies are incorporated by Special Act.
Such Special Act is passed in Central or State legislative.
E.g. Reserve Bank of India, SBI, Unit Trust of India. LIC, etc.

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