Quick Answer: What Do You Mean By Non Statutory Body?

Which of the following is a non statutory body?

Definition of Non-Constitutional Bodies: Non Constitutional or Extra Constitutional bodies are the same.

These bodies aren’t defined in the Constitution of the country….Hemant Singh.Name of the Non- Constitutional BodyCurrent Chairman4.

State Human Right CommissionDifferent in each state8 more rows•Jun 19, 2020.

Which of the following is a statutory body?

Example of a statutory body is SEBI i.e. Securities and Exchange Board of India. SEBI is a very important regulatory body for the security market in India. Another example is the National Commission for OBCs.

What is another word for statutory?

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

Is RBI a statutory body?

Though considered a body with considerable institutional independence, the RBI is not a constitutional body. It was established under the Reserve Bank of India Act, 1934. … However, to reiterate, the independence of the RBI is not constitutional. At the most, it is only statutory, a major difference in law.

Which is non constitutional body?

Non Constitutional or Extra Constitutional bodies are those bodies which are established after passing an act of Parliament. It means these institutions are not mentioned in our constitution.

What is meant by a statutory body?

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.

What’s the difference between constitutional and statutory?

In the United States: Constitutional Law is the law of the land and is made up from all three branches of government. Statutory Law is created via the legislative branch and will not be greater than constitutional. … Constitutional governs the law making body of the nation.

What is statutory meeting?

(1) Every public company that is a limited company and has a share capital shall, within a period of not less than one month and not more than three months after the date at which it is entitled to commence business, hold a general meeting of the members of the company to be called the “statutory meeting”.

What is the difference between statutory and non statutory?

Statutory refers to something that is related toa formal law or a statute, and non-statutory isessentially another term for common law. If something isstatutory, it is based on laws or statutes. Ifsomething is non-statutory, it is based on customs,precedents or previous court decisions.

What do you mean by statutory companies?

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. … It is a corporate person and has the capacity of acting in its own name.

What is the definition for statutory?

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

Who gave idea of constitution?

M.N RoyM.N Roy, a pioneer of the communist movement in India and an advocate of radical Democracy was the person who for the first time in 1934 put forth the Idea an Indian Constituent Assembly for framing of Constitution of India for and according to Indians.

What is difference between autonomous and statutory body?

Answer. Answer: A statutory body deals with enforcing legislation for a country or state. A autonomous body is a company that regulates it own company law….i hope it helps you Rate!

Which are government companies?

These are many government companies, few of them are, Steel Authority of India Limited, Bharat Heavy Electricals Limited, Coal India Limited, State Trading Corporation of India, etc.