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Difference between association of person and body of individual

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F M Aquib Javed R A

F M Aquib Javed R A (Querist)
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01 September 2013 what is the difference between association of person and body of individual?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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01 September 2013 AOP: It is formed with an intention to earn profits or to carry on an activity. Member of an AOP may be Individuals only or Individual and others like company firm etc.
.
BOI- It is not formed intentionally but due to certain compulsions- like sharing the income from a common undivided ancestral property . Individuals can only be the members.
.
For a very technical and logical reading-
follow the link-
https://www.feeleminds.com/forum/viewtopic.php?f=6&t=618

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