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A statutory company is a business entity that is created and regulated by a specific statute or legislation. This type of company is established under a particular law that outlines its structure, powers, and responsibilities, which may differ from those of regular companies formed under general company law. Statutory companies often have specific public functions or responsibilities, such as utilities or transportation services, and are typically subject to additional oversight and regulation. Examples include public corporations and organizations like central banks or public utilities.
What else can I help you with?
How do you calculate the statutory reserve of a company?
what are the statutory reserves of a company?
What type of company needs a statutory report?
public company needs a statutory report
What is Statutory Company?
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Which company is related to statutory meeting?
pubic company
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
Who appoints the statutory auditors for a company?
shareholders
What is statutory audit What is the exact meaning of statutory audit?
A statutory audit is necessary by law for auditing all company’s financial health and records. In the UAE Audit firms in Dubai provide a statutory audit for all companies in UAE to check financial health by reviewing its accounts & accounting activities. Government organizations in the UAE must have their accounts reviewed by statutory auditors. A company’s shareholders can select any qualified statutory audit firm in UAE at the annual general meeting. For more info refer : What is Statutory Audit | How To Do Statutory Audit of A Company In Dubai
What is the meaning of statutory company?
statutory co is a company which is passed by a special act by central or state legislature.like-indian railway,icai etc. This co dont required to have its MOA because the rules $ regulation are alredy written in such Act. the audit of such co is conducted by CAG
What is the difference between statutory body and autonomous body?
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
Is a company has a statutory right to alter its articles of association?
yes
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.
What is statutory controls?
Statutory control is a type of company management that has been imposed by an industrial authority. Malpractice or corruption can lead an industrial authority to appoint a special team to run a company until investigations are complete.
