Which type of public enterprises is established under a special act of the parliament?

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Solution

Statutory Corporations are body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations etc. are also decided by the act of the legislature.

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Identify the form of public sector enterprise in the following cases:

(a) This is the oldest and traditional form of public enterprise.

(b) Special act of the parliament brings this public enterprise into existence.

Which form of public sector bought into existence by a special act of the parliament?

Identify the concept which is a body corporate and set up under a special act of the Parliament.

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