Business Studies · Public, Private and Global Enterprises
Which of these is a distinct 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 the usual rules.
- 2It is established by a special Act of Parliament or legislature, has a separate legal identity, and can sue or be sued.✓
- 3It has no legal existence separate from the government.
- 4It is fully owned by private shareholders and receives no government funding.
Correct answer
It is established by a special Act of Parliament or legislature, has a separate legal identity, and can sue or be sued.
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