Indian Polity · Polity
Which of the following is a distinctive feature of a statutory corporation in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its employees are considered government civil servants under normal service rules.
- 2It is created by a special Act of Parliament/Legislature, has an independent legal status, and can be sued.✓
- 3It is wholly owned by private shareholders and receives no government funding.
- 4It has no legal existence separate from the government.
Correct answer
It is created by a special Act of Parliament/Legislature, has an independent legal status, and can be sued.
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