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BC Vs CB

uday psc (1 Points)

25 October 2021

What is the Meaning of Body corporate and Corporate body??

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CA Aakarsh Jain (CA) (10216 Points)
Replied 13 November 2021

Body corporate broadly means a corporate entity which has a legal existence. The term "body corporate" is defined in Section 2(11) of the Companies Act, 2013. This includes a private company, public company, one personal company, small company, Limited Liability Partnerships, foreign company etc.

A corporate body is an organization or group of persons that is identified by a particular name, and that acts, or may act, as an entity. Typical examples of corporate bodies are associations, government agencies, religious bodies, local churches, and conferences.