Question

The objects and powers of a statutory corporation ______.

• A. may not change
• B. may not be changed easily
• C. may change easily
• D. none applicable

Answer 1

The correct option is B may not be changed easily

It is very difficult to form statutory corporations because it requires lengthy documentation, complicated formalities and passing of statue.The policies once approved, the statue once passed cannot be changed easily. It can be done by the parliament only and this is very time consuming.