mention two features of statutory corporations …

A statutory corporation or a public corporation is a body corporate set up under a special act of the Parliament or of the State Legislature. It is known as a statutory corporation because it is created by a statute. The statute defines its objects, powers and functions. It is an autonomous body fully financed by the government. Some examples of statutory corporation are Air India, Life Insurance Corporation of India, Employees State Insurance Corporation, etc.
The important features of a statutory corporations are as follows:

(i) Financial Autonomy They are financed by borrowings from the government or from public through revenue generated by sale of goods and services.
(ii) Accounting and Audit Control They are free from government accounting and audit control and are also not financed through government treasury.