Question: What Is The Meaning Of Statutory?

What is an example of a statutory law?

A police officer pulls you over, and you are given a citation for violating the speed limit.

You have broken a vehicle and traffic law.

This law is established by legislature as a statute, or a law that is formally written and enacted.

As a result, the law you broke was a statutory law..

What is difference between statutory and regulatory?

By definition, “statutory” refers anything relating to a decree or act, and “regulatory” is related to state, national, or international laws and regulations – so, requirements of these sorts come from the legal system.

What does statutory role mean?

the laws that a company, a government organization, or the members of a particular profession must obey: By charging such high prices for electricity, the company was found to be in breach of statutory duty.

Does statutory mean set by law?

Statutory law or statute law is written law passed by a body of legislature. This is as opposed to oral or customary law; or regulatory law promulgated by the executive or common law of the judiciary. Statutes may originate with national, state legislatures or local municipalities.

What is another word for statutory?

In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for statutory, like: rightful, legal, lawful, contractual, regulation, legislative, regulatory, enforcement, provision, discretionary and disclosure.

Statutory means relating to rules or laws which have been formally written down.

What are the statutory requirements for a company?

Statutory RequirementsIncorporation of company.Filing of documents with Registrar of Companies.Conducting Statutory Audit at the year end.Assistance in drafting Director’s Report covering statutory points to be covered.Assistance covering Annual General Meeting and Statutory Compliance thereof.More items…

What are the 2 types of statutory law?

View all notes statutory law within a legal order can appear in three different forms: (1) written formal law, (2) law for the community and (3) non-public law.

What is the best definition of statutory law?

Statutory Law is the term used to define written laws, usually enacted by a legislative body. Statutory laws vary from regulatory or administrative laws that are passed by executive agencies, and common law, or the law created by prior court decisions. … If the executive signs the bill it passes into law as a statute.

What is the difference between customary law and statutory law?

Statutory law provides for the sharing of property between husband and wife and the maintenance of either spouse upon divorce. However, customary law denies women any rights to family property or maintenance upon dissolution of marriage (14).

What do u mean by statutory?

1 : of or relating to statutes. 2 : enacted, created, or regulated by statute a statutory age limit.

What is the meaning of statutory requirements?

› Statutory requirements come from statutes; in other words, these are legal requirements that come from laws passed by State or Federal Government (e.g., Congress). › Regulatory requirements come from regulations; such as.