Difference between association of person and body of individual
This query is : Resolved
F M Aquib Javed R A
(Querist)
01 September 2013
what is the difference between association of person and body of individual?
CA PARAS BAFNA
(Expert)
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
.
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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