A statutory corporation is a corporation created by statute. Their precise nature varies by jurisdiction thus they might be ordinary companies/corporations owned by a government with or without other shareholders, or they might be a body without shareholders which is controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation.
Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided).
Australia
In Australia, statutory corporations are created by Acts of state or federal parliaments. Current statutory corporations include Australia Post, Airservices Australia, the Australian Rail Track Corporation and the Australian Egg Corporation. The purpose of their separation from normal government operations is to ensure profitability, and in theory, independence of decision making from the state or national government (to ensure that decisions are made on a commercial basis with less or no political interference.)
Public bodies are assigned "sponsoring departments" who provide funding in the form of grant-in-aid to assist with running costs and capital investment. Most public bodies also have other sources of income (for example the Royal Botanic Garden Edinburgh receives income from charging the public to visit the greenhouses in its gardens).
In addition, Article 134 of the constitution provides for the definition of other public bodies by law. Such bodies can be professionally oriented, like the Dutch Order of Advocates (Dutch:Nederlandse Orde van Advocaten), or be constituted to perform functions in a specific region. This means that the term public body is sometimes used to indicate a special or irregular type of public body (without a specifically defined name), which can also be an administrative division or a certain other type of governmental organisation.
Caribbean Netherlands
The three islands Bonaire, Sint Eustatius and Saba became public bodies parts of the Netherlands proper on October 10, 2010, but are not part of any province. Collectively they are officially known as Caribbean Netherlands (Dutch:Caribisch Nederland). Although part of the Netherlands, these special municipalities will remain overseas territories of the European Union until 2015.
Class 11 B Studies Ch 3 | Statutory Corporations - Private, Public & Global Enterprises (2022-23)
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and...
published: 18 Oct 2019
statutory corporation/Types of Public enterprises/Chapter 3/Business studies 11th
published: 16 Sep 2020
Class 11th – Statutory Corporations | Business studies | Tutorials Point
Statutory Corporations
Lecture By: Ms. Madhu Bhatia, Tutorials Point India Private Limited
published: 09 Jan 2018
#26, Statutory/Public Corporation Full Concept || CBSE Class 11 Business Studies Chapter 3 ||
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published: 01 Nov 2019
Statutory corporations Meaning, features, Merits & Demerits Business Studies Class 11th Ch.3 CBSE
Statutory corporations Meaning, features, Merits & Demerits Business Studies Class 11th CBSE
published: 09 Jun 2020
What is Statutory Company ? Urdu / Hindi
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published: 08 Mar 2018
Class 11 Business Studies Chapter 3 | Merits of Statutory Corporations
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===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Merits of Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Merits of Statutory Corporations topics from the chapter Private, Public and Global Enterprises have been d...
published: 18 Oct 2019
public corporation/ statutory corporation (features, advantages, disadvantages, suitability) class11
class 11 business studies
ch- private, public and global enterprises
forms/ types of public sector enterprises
2. public corporation/ statutory corporation
topics included:
1. features of public corporation
2. advantages of public corporation
3. disadvantages of public corporation
4. suitability of public corporation
https://www.facebook.com/commercelect... like this page for more notes, videos and quiz
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For notes whatsapp and online classes on no. 8053779608
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#class11businessstudies
#publiccorporation
published: 04 May 2020
Statutory corporations| BUSINESS STUDIES UNIT-3 CBSE|PART 4|PRIVATE, PUBLIC AND GLOBAL ENTERPRISES
Statutory corporations are public
enterprises brought by
a Special Act of the Parliament.
The Act
defines Statutory corporations powers and functions,
organisation is wholly
owned by the state
government has the ultimate
financial responsibility
state government has the power to utilize its
profits.
At the same time, the state
also has to bear the losses,
A statutory corporation acquire property in its own name.
Funds for business is borrowed from the
government or profit or public but
not with the central government budget
The employees of these enterprises
are not government or civil
servants.
Statutory corporations are headed by
officer elected from organization
Previous Video: https://www.youtube.com/watch?v=qpLGIrFE3y8&feature=youtu.be
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===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Statutory Corporations topic from the chapter Private, Public and Global Enterprises have been discussed in this video.
===============================================
00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:39 Statutory Corporations
===============================================
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===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Statutory Corporations topic from the chapter Private, Public and Global Enterprises have been discussed in this video.
===============================================
00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:39 Statutory Corporations
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
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This Video give The Basic Concept of What is Statutory Company ? Urdu / Hindi
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This Video give The Basic Concept of What is Statutory Company ? Urdu / Hindi
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===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Merits of Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Merits of Statutory Corporations topics from the chapter Private, Public and Global Enterprises have been discussed in this video.
===============================================
00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:28 Merits of Statutory Corporations
===============================================
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===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Merits of Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Merits of Statutory Corporations topics from the chapter Private, Public and Global Enterprises have been discussed in this video.
===============================================
00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:28 Merits of Statutory Corporations
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
Why study from Magnet Brains?
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👉 Contact us 🤑🤑
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class 11 business studies
ch- private, public and global enterprises
forms/ types of public sector enterprises
2. public corporation/ statutory corporation
to...
class 11 business studies
ch- private, public and global enterprises
forms/ types of public sector enterprises
2. public corporation/ statutory corporation
topics included:
1. features of public corporation
2. advantages of public corporation
3. disadvantages of public corporation
4. suitability of public corporation
https://www.facebook.com/commercelect... like this page for more notes, videos and quiz
if you any query you can comment below or email me : [email protected]
For notes whatsapp and online classes on no. 8053779608
for notes in pdf form download app https://jorah.page.link/jPfe
#class11businessstudies
#publiccorporation
class 11 business studies
ch- private, public and global enterprises
forms/ types of public sector enterprises
2. public corporation/ statutory corporation
topics included:
1. features of public corporation
2. advantages of public corporation
3. disadvantages of public corporation
4. suitability of public corporation
https://www.facebook.com/commercelect... like this page for more notes, videos and quiz
if you any query you can comment below or email me : [email protected]
For notes whatsapp and online classes on no. 8053779608
for notes in pdf form download app https://jorah.page.link/jPfe
#class11businessstudies
#publiccorporation
Statutory corporations are public
enterprises brought by
a Special Act of the Parliament.
The Act
defines Statutory corporations powers and functions,
organ...
Statutory corporations are public
enterprises brought by
a Special Act of the Parliament.
The Act
defines Statutory corporations powers and functions,
organisation is wholly
owned by the state
government has the ultimate
financial responsibility
state government has the power to utilize its
profits.
At the same time, the state
also has to bear the losses,
A statutory corporation acquire property in its own name.
Funds for business is borrowed from the
government or profit or public but
not with the central government budget
The employees of these enterprises
are not government or civil
servants.
Statutory corporations are headed by
officer elected from organization
Statutory corporations are public
enterprises brought by
a Special Act of the Parliament.
The Act
defines Statutory corporations powers and functions,
organisation is wholly
owned by the state
government has the ultimate
financial responsibility
state government has the power to utilize its
profits.
At the same time, the state
also has to bear the losses,
A statutory corporation acquire property in its own name.
Funds for business is borrowed from the
government or profit or public but
not with the central government budget
The employees of these enterprises
are not government or civil
servants.
Statutory corporations are headed by
officer elected from organization
Previous Video: https://www.youtube.com/watch?v=qpLGIrFE3y8&feature=youtu.be
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Statutory Corporations topic from the chapter Private, Public and Global Enterprises have been discussed in this video.
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00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:39 Statutory Corporations
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Private, Public and Global Enterprises (Chapter 3)
✔️ Topic Name: Merits of Statutory Corporations
✔️ Topics to be Covered (By Payal Mam): Merits of Statutory Corporations topics from the chapter Private, Public and Global Enterprises have been discussed in this video.
===============================================
00:00 Business Studies Introduction: Private, Public & Global Enterprises
00:28 Merits of Statutory Corporations
===============================================
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class 11 business studies
ch- private, public and global enterprises
forms/ types of public sector enterprises
2. public corporation/ statutory corporation
topics included:
1. features of public corporation
2. advantages of public corporation
3. disadvantages of public corporation
4. suitability of public corporation
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#class11businessstudies
#publiccorporation
Statutory corporations are public
enterprises brought by
a Special Act of the Parliament.
The Act
defines Statutory corporations powers and functions,
organisation is wholly
owned by the state
government has the ultimate
financial responsibility
state government has the power to utilize its
profits.
At the same time, the state
also has to bear the losses,
A statutory corporation acquire property in its own name.
Funds for business is borrowed from the
government or profit or public but
not with the central government budget
The employees of these enterprises
are not government or civil
servants.
Statutory corporations are headed by
officer elected from organization