Q.Which form of public enterprise is created by a special Act of the Legislature and enjoys a separate legal existence with considerable operating autonomy?

Only one of the three forms of public enterprise is created directly by its own special Act of Parliament/Legislature. …

A Statutory (Public) Corporation is created by a special Act passed by Parliament or a State Legislature, which itself lays down the corporation's objectives, powers and capital structure. It is a separate legal entity distinct from the Government, able to own property and sue/be sued in its own name, and manages its day-to-day affairs with considerable autonomy compared to a Departmental Undertaking (option a, which is not …

Confusing a Statutory Corporation with a Departmental Undertaking — only the corporation is created by a special Act and has a separate legal identity …