Which of the following entity is created under an Act of the Parliament or an Act of the State legislature?

Statutory corporation

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Government companies

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Co-operative society

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Limited Liability Partnership

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Solution

The correct option is A Statutory corporation
Statutory corporation refers to public enterprise which is created by a special Act of Parliament or State Legislature. which provides for its management and methods of running them,their powers and privileges are determined and their relation with government departments are specified.

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81. For which of the below acts, the Ministry of Corporate Affairs (MCA) is primarily concerned with?

i) Companies Act, 2013

ii) Limited Liability Partnership Act, 2008

iii) The Competition Act, 2002

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