Name the organisation which is formed by passing a special Act of Parl – InterviewSolution

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1.	Name the organisation which is formed by passing a special Act of Parliament of state Legislature. Give features of such enterprise.
Answer» Statutory corporation is the organisation which is formed by passing a special Act of Parliament of state Legislature. Features: `1.`These are set up under an Act of Parliament and are governed by provisions of the act. `2.`It is wholly owned by the state. `3.`It is independently financed. `4.`It is not subject to the same accounting and audit procedures applicable to government departments.

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