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A statutory corporation is a body corporate, so it can:
AChange the Act itself
BLevy customs duty
CSue and be sued
DPrint its own money
Answer & Solution
Correct answer: C. Sue and be sued
1. It acts in its own name.
2. It can contract and hold property.
3. So it can sue and be sued.
_Source: NCERT Class 11 Business Studies, Chapter 3, Private, Public and Global Enterprises._
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