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Reserve Bank of India , Life Insurance Corporation of India , and Railways
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
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A statutory corporation provides its shareholders with limited liability, meaning their personal assets are protected from the corporation's debts and liabilities. Shareholders typically receive the potential for dividends, which are distributions of profits, and may have voting rights to influence corporate decisions, depending on the structure of the corporation. Additionally, statutory corporations can offer a more formalized and regulated framework for governance and operations, enhancing credibility and stability.
Food Corporation of India's population is 34,000.
Food Corporation of India was created in 1964.
Cement Corporation of India was created in 1965.
The population of British India Corporation is 2,700.
British India Corporation was created in 1956.
Cotton Corporation of India was created in 1970.
Uranium Corporation of India was created in 1967.
Shipping Corporation of India was created in 1961.