Company Affairs (CS) Question:
Can you define the Statutory company?
Answer:
A company which is formed by the special Act passed by the Central or State legislature is called Statutory company. This type of company is not required to frame their Memorandum or Articles of Association. They are also not required to use the word limited as a part of their name. Their working is controlled, checked and reviewed by the Comptroller.
| Previous Question | Next Question |
| Tell me about the essential characteristics of a company? | Tell me on what basis registered companies are categorized? |