Statutory Body
A statutory body deals with written law; non-statutory deals with implied law.
RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
the difference between edit categories
what is the difference between statutory audit and non statutory audit.
legal and non legal
advantages and disadvantages of non statutory audit
advantages and disadvantages of non statutory audit
one is and one isnt
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A non-statutory organization is a group or entity that is not established or regulated by legislation. These organizations operate independently and are usually formed by individuals with a common interest or goal. Non-statutory organizations do not have legal standing granted by a specific law.
No.. finance comission is a constitutional body and not a statutory body. A statutory body is formed by an act of parliament and can be removed by majority voting while for a constitutional body, it is mentioned in the constitution of india and can't be removed by majority voting.