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Business Studies

Statutory Corporations and Its Features

The governmen...

Question

The government company has a separate legal entity apart from the government.

A

True

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B

False

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Solution

The correct option is A True
A company is a separate legal entity as distinct from its members. A company is a separate legal entity as distinct from its members, therefore it is separate at law from its shareholders , directors , promoters etc and as such is conferred with rights and is subject to certain duties and obligations.

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