What does statutory mean in law?
: the law that exists in legislatively enacted statutes especially as distinguished from common law — compare common law.
What is a statutory person?
What Is a Statutory Employee? The term statutory employee refers to an independent contractor who is treated as an employee for tax withholding purposes. A worker is considered a statutory employee as long as the employer and individual pay their share of Medicare and Social Security taxes and meet certain criteria.
What does statutory mean in government?
1 : a law enacted by the legislative branch of a government. 2 : an act of a corporation or of its founder intended as a permanent rule. 3 : an international instrument setting up an agency and regulating its scope or authority.
What is statutory body and non statutory body?
Statutory refers to organizations and bodies that are defined by a formal law or a statute. Non-statutory is essentially another term for common law. Therefore, such bodies are formed by executive resolution or action, which means that they are formed only by the Government’s action.
What exactly is a statute?
A statute is a law enacted by a legislature. Federal laws must be passed by both houses of Congress, the House of Representative and the Senate, and then usually require approval from the president before they can take effect.
What do we mean by statutory?
If something is statutory, it is related to or set by laws or statutes. If something is legal, it is allowed by the law, whereas if it is statutory, it is regulated by law. In the negative, this is easier to understand. If something is not legal, the law says you can’t do it.
What do mean by statute?
A statute is a rule or law which has been made by a government or other organization and formally written down. The new statute covers the care for, bringing up and protection of children. The independence of the judiciary in France is guaranteed by statute. Synonyms: law, act, rule, regulation More Synonyms of statute.
What is not a statutory body?
The correct answer is NITI Aayog. Non Statutory body or Non Constitutional or Extra Constitutional bodies are the same.
Is NITI Aayog a constitutional body?
In 2014, Prime Minister Narendra Modi announced Planning Commission’s abolition and created NITI Aayog through an executive resolution. [1]↵It is neither a constitutional body nor a statutory body..