Body corporate
This query is : Open
S.Siju Gemin
(Querist)
30 July 2012
Which are business entity registered as body corporate
RENGARAJ R.K
(Expert)
31 July 2012
"Body corporate" or "corporation" includes a company incorporated outside India but doesnot include-
a. a corporation sole
b. a co-operative society registered under any law relating to co-operative societies
c. any other body corporate (not being a company,as defined in this Act), which the Central Govt. may, by a notification in the official gazette, specify in this behalf.
A body which has been or is incorporated under some statute and which has a
perpetual succession, a common seal and is a legal entity apart from the members
constituting it, will come within the definition of the term ‘body corporate’. The term will not, however, include a society registered under the Societies Registration Act,1860, or any of the bodies which have been specifically excluded.
a. a corporation sole
b. a co-operative society registered under any law relating to co-operative societies
c. any other body corporate (not being a company,as defined in this Act), which the Central Govt. may, by a notification in the official gazette, specify in this behalf.
A body which has been or is incorporated under some statute and which has a
perpetual succession, a common seal and is a legal entity apart from the members
constituting it, will come within the definition of the term ‘body corporate’. The term will not, however, include a society registered under the Societies Registration Act,1860, or any of the bodies which have been specifically excluded.
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S.Siju Gemin
(Querist)
01 August 2012
Dear Sir,
Thanks for your valuable reply.
In specific could you kindly clarify,
Our customers include State Road Corporations like Tamil Nadu State Transport Corporation. Are they Body Coporate.
-Siju
Thanks for your valuable reply.
In specific could you kindly clarify,
Our customers include State Road Corporations like Tamil Nadu State Transport Corporation. Are they Body Coporate.
-Siju
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