Tuesday, July 27, 2010

Characteristics of STATUTORY CORPORATIONS

It is owned by the state.
It is created by a special law of parliament or State legislature defining its objects, powers and privileges and prescribing the form of management and its relationship with Government departments.
Immunity from Parliamentary Scrutiny.
Freedom in regard to personnel.
A body Corporate
Distinct relation with the Government.
Writers and the Law (Law Book Company, Limited (at))












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