Statutory Body
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.
RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
A statutory body deals with written law; non-statutory deals with implied law.
No.. finance comission is a constitutional body and not a statutory body. A statutory body is formed by an act of parliament and can be removed by majority voting while for a constitutional body, it is mentioned in the constitution of india and can't be removed by majority voting.
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
A statutory organisation is one that has to exist - by law. Examples would be the police services, county and town councils.
1986
Criminal Law
it is non statutory body and non constitutional body
LIC,Max new york life insurance
Statutory law