Get a detailed insight to what is a statutory company
A statutory company is a legally established entity created by a specific statute or law, granting it a distinct legal identity and governing its operations. Operating on behalf of a trade flock, a statutory company plays a crucial role in regulating and promoting the interests of businesses within a particular industry. It serves as a representative and authoritative body that ensures compliance with industry-specific regulations, safeguards the rights of its members, and fosters collaboration among trade participants.
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