Body corporate

This query is : Resolved

AVNEESH KUMAR (Querist)
Follow

03 August 2013 1. what is body corporate ?
2- L.I.C is body corporate ?
3- Uttar Pradesh Power Corporation is body corporate ?

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

04 August 2013 Please see the deinition and meaning of body corporate under service tax. corporate.

If LIC and UPPC are registered under these category, they will also be covered.

As per rule 2(bc) of Service Tax Rules, ‘body corporate’ has meaning assigned to it in section 2(7) of Companies Act, 1994.

As per section 2(7) of Companies Act, ‘body Corporate’ or ‘corporation’ includes a company incorporated outside India, but does not include – (a) Corporation Sole (b) Registered Cooperative Society (c) Any other body corporate (Except a company defined under Companies Act) as may be notified by Central Government.

Society registered under Societies Registration Act is not a ‘body corporate’.

A trust is not a ‘body corporate’.

A company registered under section 25 of Companies Act is a ‘body corporate’.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA Sunny Sharma

Rajat Khandelwal

ASHOK B GONDKAR

ashvini tripathi

CA Lalit Kumar Agrawal

Subscribe Now

Body corporate

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

CA Final

GST CONSULTANT