Get a detailed insight to what is a statutory comp

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Message Board > Get a detailed insight to what is a statutory comp

Get a detailed insight to what is a statutory comp

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sachintagala
Guest
Apr 02, 2024
1:42 AM

A statutory company is a legally established entity created by a specific statute or law, granting it a distinct legal identity and governing its operations. Operating on behalf of a trade flock, a statutory company plays a crucial role in regulating and promoting the interests of businesses within a particular industry. It serves as a representative and authoritative body that ensures compliance with industry-specific regulations, safeguards the rights of its members, and fosters collaboration among trade participants.

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