B. A company established by a special act of the parliament or state legislature is called ‘statutory company’

 Yes, you are correct. A statutory company is a company that is created by a special act of the parliament or state legislature in a country. Unlike other types of companies, which are formed under the Companies Act, a statutory company is established through a specific statute passed by the legislative body. This statute outlines the company's objectives, structure, powers, and functioning. 

Statutory companies often serve public or national interests and are usually involved in sectors that require significant regulation and control, such as utilities, transport, and financial services. These companies operate under the legal framework provided by the specific statute that created them, and their activities are governed by the provisions outlined in that statute. This unique status distinguishes them from other types of companies, as they have a specific legal foundation granted by the parliament or state legislature.