Question: Which Public Sector Enterprise Is Formed By Special Act Of Parliament?

Which is the following is an example of a company incorporated by a special act of Parliament?

Industrial Finance Corporation of India LtdIndustrial Finance Corporation of India Ltd is an example of a company incorporated by a special act of parliament..

What is special act parliament?

Commonly called Local, Personal or Private Acts. See LOCAL AND PERSONAL ACTS. That which applies only to a particular kind of persons or things, as a particular railway to be constructed, or otherwise dealing with a particular area or person only, and therefore not overruled by the general terms of a general Act.

Are set up under an Act of Parliament and are governed by the provisions of the Act?

Statutory bodies are established by acts which Parliament and State Legislatures can pass. These bodies are entities shaped by an Act of Parliament or state legislatures and set up by the government to consider the data and make judgments in some area of activity.

Which public sector enterprise is formed by special act of parliament identify and explain its features?

A Statutory Corporation is formed by passing a Special Act of Parliament or State Legislature. Example: Airports Authority of India. Following are the features of such an enterprise: It is formed by a special Act by the parliament or state legislature which defines its power and functions.

Which form of public sector enterprise is brought into existence by a special act of the Parliament?

Statutory corporationsAnswer. Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament.

When utmost secrecy is required which public sector enterprise is suitable *?

When utmost secrecy is required which public sector enterprise is suitable Public corporation Government company Departmental undertaking PPP.

What is the main motive of private sector?

Answer: The main and foremost motive of a private sector unit is to maximise it’s profit or to earn higher profits. Answer: The main motive of private sector production unit is just to maximise their revenue.

Which of the following enterprise is formed by passing a special act in Parliament?

Statutory corporationStatutory corporation is the organisation which is formed by passing a special act of parliament or state and government company.

Which of the following is created by special act of Parliament?

Statutory corporation refers to public enterprise which is created by a special Act of Parliament or State Legislature.

Which of the following is not a public sector undertaking?

Axis Bank is a private banking company. It is not a Public Sector Undertaking since it is not owned by government of India.

Which one of the following is a statutory corporation?

Examples: Reserve Bank of India, State Bank of India, Life Insurance Corporation, Unit Trust of India, Employees State Insurance Corporation, Oil and Natural Gas Corporation etc. are some examples of statutory corporations.