statutory company

statutory company

a company formed under a private Act of Parliament.
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References in periodicals archive ?
Prominent merchant Sir William Forwood struck a deal in 1888 to form an independent statutory company to build and maintain the Overhead.
The aim of the directive is to assure the qualifications of persons who carry out statutory company audits and to harmonise the quality of audits across the EU.
Ministerial recognition allowed IIPA members to act as statutory company auditors under the requirements of the country's companies acts.