Dear All,
Kindly go through the point (ii) in the definition of "Body Corporate" as mentioned in the Companies Act, 2013 below:
“body corporate” or “corporation” includes a company incorporated outside
India, but does not include—
(i) a co-operative society registered under any law relating to co-operative
societies; and
(ii) any other body corporate (not being a company as defined in this Act),
which the Central Government may, by notification, specify in this behalf;

If we interpret it, it states that body corporate does not include other business entities, which are not registered as company under companies act, which the government specifically excludes. This means that other business entities, other than companies, are also included in the definition of body corporate apart from those which are specifically excluded by the government because if it would have been that body corporate means only companies registered under companies act then there would not have been any scope of clause (ii) in the definition that only government specified other business entities are "excluded" from the purview of "body corporate"

This interpretation is important to confirm whether partnership firms are included under body corporate or not?

Kindly help on the same...

how many chance do we get in re-submission of MCA forms & within how much time it can be filed??

In the last AGM of a company held on 15 May 2015, the statutoty auditors were appointed from conclusion of that AGM till the conclusion of the AGM to be held in 2017 subject to ratification at every AGM of the Company.Whether for the upcoming AC and Board meeting for approval of the audited accounts for the year ended 31 Dec. 2015, the agenda should specifically include recommendation for ratification of the appointment at the ensuing AGM?

Nidhi company is incorporated nov 2014 but till date no auditor is appointed what are the procedure to appoint auditor.

All Respected Members,

What step should be taken if company has issued share without receiving application money or What is the Implication ?
Please share your valuable opinion.
Thanks in anticipation.

Kindly answer,

Can a private company borrow money as a loan from a proprietorship firm of one of the same director of the same Company?
please also suggest applicable sections as well.

Hi experts !
What is difference between Private Placement and Preferential Allotement ???
Is it there any provision regarding issue of securities like A Private Company may issue securities by right issue or private placement and a public co. may issue securities by all method including preferential allotement ?
If x pvt ltd. have 2 shareholders but want to issue securities only one shareholders and don’t want to take consent another shareholders… then which issue should be consider ??
Can any one help me about it..

we have a private company with issued and subscribed capital of Rs 100,000/-and 2 directors Mr.k and Mr.A .Mr.A wants to resign and Ms.N will be appointed as Additional Director now my question is whether it is ok to have 1 director and 1 additional director on the board or we should appoint 1 more Additional director or ask Mr.A to continue till AGM or any other solution

Sir,
Can you please tell me how to fill Point no 4(iv) in the Form PAS-3 if share issued for a consideration other than cash

There is a Section 8 Company which is limited by shares. I want to allot the shares to the existing shareholders of the Company. For this purpose whether i should opt for private placement or preferential allotment? and why