i) The form of public enterprises which requires a special act of the parliament.
ii) The type of joint stock company in which government holds 51% or more of the equity capital. Also distinguish between them on any form basis.

1) Statutory corporation requires a special act of parliament for its formation.This is because this form of business is an initiative of private enterprises having the powers of the government.

2) Government company is the joint stock company in which at least 51 % shares are held by central or state government or both.
The difference between statutory corporation and government company is already covered in our revision notes of Business Studies XI. Follow the given link and scroll down to the topic 'Difference between three forms of public sector enterprises' to view the same.

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