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(Querist)
08 October 2009 Why are companies like Life insurance corporation and State bank of India (which is a listed entity) not registered with the ministry of corporate affairs?
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Ankur Garg

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Ankur Garg (Expert)
08 October 2009 These companies are called Statutory Companies.

Statutory Companies means company registered/formed under their own statute/act passed by the parliament. Statutory Companies are not covered by Companies Act, 1956 and relatively rare today.
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