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Reserve Bank of India , Life Insurance Corporation of India , and Railways
10%
The statutory compliane are difference in various states, typically statutory followed all the states are 1. Provident fund 2. ESIC 3. Professional tax/service Tax 4. Bonus Act 5.Gratuity 6.
attorney general .
A statutory body deals with written law; non-statutory deals with implied law.
ANSWER: courts
statutory laws
yes
Statutory Laws
Statutes passed by legislative bodies.
Statutes passed by legislative bodies.
As a statutory body has been created by statute (Act of Parliament, in the UK), it has an officially recognised status. Typically, a statutory body may be a part of national or local government, or a QUANGO. Some charities, such as the National Trust, are not statutory bodies, but they have certain powers delegated to them, so that they can make their own bye-laws.
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RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
Charitable societies can be considered statutory bodies if they are established by law or under specific legislation that governs their formation and operation. In many jurisdictions, charitable societies are registered under specific acts, which grant them certain legal statuses and responsibilities. However, not all charitable organizations are statutory bodies; some may operate independently without formal statutory recognition. The classification often depends on the legal framework of the country in which they operate.