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Definition of BODY Corporate
Partnership is not a body corporate but Limited liability partnership(LLP) is a body corporate.
Thank you so much for the valuable information sir P C Agrawal...
Can a society registered under societies registration act (an aop) become a partner of a Normal partnership firm (not llp)?
But as per teh defination in section 2(11) LLP can not be a body corporate.
"Body Corporate" or "Corporation" includes a company incorporated outside India.
I think there is no clear definition of Body corporate and ironically, Companies Act also does not give any conclusive definition.
whether ICAI is a body corporate?
Can somebody please explain to me about what are the major differences between a company and a body corporate?
Yes, ICAI is a body corporate which is established under The CA Act, 1949 to regulate the profession of Chartered Accountancy in India.
Hope this answers your question.
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