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What does a statutory corporation give its shareholders?
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.
Who now holds the british shoe corporation pension fund?
As of my last update, the British Shoe Corporation Pension Fund is now managed by the Pension Protection Fund (PPF) after the British Shoe Corporation went into administration. The PPF is a statutory body that provides compensation to members of defined benefit pension schemes when employers become insolvent. For the latest information, it is advisable to check recent updates from the PPF or related financial news sources.
How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
What is statutory liquid ratio?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
Is finance commission a statutory body?
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.
List of statutory corporation in India?
ongc,aimc
What does a statutory corporation give its shareholders?
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.
What is a statutory body.Who are the statutory bodies of India?
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.
List out the statutory companies in India?
Reserve Bank of India , Life Insurance Corporation of India , and Railways
What is An individual appointed by a corporation to accept service of papers in a lawsuit is the agent for .?
An individual appointed by a corporation to accept service of papers in a lawsuit is the agent for the corporation. This agent is typically referred to as a registered agent or statutory agent, and their role is to ensure that the corporation can be formally notified of legal actions and proceedings. By designating this agent, the corporation fulfills its legal obligation to maintain a point of contact for service of process.
Who is the registered agent for Huntington National Bank in Ohio?
Huntington is registered with the Ohio Secretary of State as "Huntington Bancshares Financial Corporation." The statutory agent is listed there.
Is SEBI a statutory body or non statutory body?
Statutory Body
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
Where was the Pension Protection Fund founded?
The Pension Protection Fund was founded in the United Kingdom. A Board is designated to manage the fund and make payments to members. The Board is established as a statutory corporation.
What are statutory expenses?
statutory expenses
What is statutory inducement?
What is statutory inducements
What the difference between statutory and non statutory bodies?
A statutory body deals with written law; non-statutory deals with implied law.
