Name the form of public sector enterprises that is constituted as an autonomous unit, by the act of the parliament? Explain any 5 features.

Statutory commission..
Features..
1) It is created by a special act of parliament.
2) It is an autonomous authority and can make their own rules within the specified limit set by the act.
3) It is independently financed.
4) It is not concerned with the central budget.
5) It is not subject to the same auditing and accounting prodecures applicable to other govt. departments.
6) It is a corporate body and can sue and can be sued, enter into contracts, and acquire property in its own name.
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Name the the form of public sector enterprise which is constituted or an autonomous unit by the act of parliament. Explain any five feature of it
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