Can any 1 say me the difference between a "Company, Corporation, Body Coprporate"
pls do mention the relevant sections,
and also mention any refence site for such doubts for immediate clarification.
Thanks
Can any 1 say me the difference between a "Company, Corporation, Body Coprporate"
pls do mention the relevant sections,
and also mention any refence site for such doubts for immediate clarification.
Thanks
1). company :- (a) under the companies act, 1956
" Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)]
(b) General :-
Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom.
Common stock - capital of the company.
Persons - Members of the company.
Profit - Dividend
2) Body corporate/corporation [sec.2(7)]
"Body corporate" includes a company incorporated outside India but does not include,
(a) Corporation sole;
(b) co-operative societies;
(c) Specified by the Central government.
It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore.
example :- LIC AND GIC
| Originally posted by : kamal kishor sen | ||
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1). company :- (a) under the companies act, 1956 " Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)] (b) General :- Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom. Common stock - capital of the company. Persons - Members of the company. Profit - Dividend 2) Body corporate/corporation [sec.2(7)] "Body corporate" includes a company incorporated outside India but does not include, (a) Corporation sole; (b) co-operative societies; (c) Specified by the Central government. It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore. example :- LIC AND GIC |
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AGREED.
agree with above
and what is a corporation??
Corporation is one which is Incorporated by an Act of Parliament
body corporate is wider than comnypany
| Originally posted by : kamal kishor sen | ||
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perectly said
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| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
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Originally posted by : kamal kishor sen 1). company :- (a) under the companies act, 1956 " Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)] (b) General :- Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom. Common stock - capital of the company. Persons - Members of the company. Profit - Dividend 2) Body corporate/corporation [sec.2(7)] "Body corporate" includes a company incorporated outside India but does not include, (a) Corporation sole; (b) co-operative societies; (c) Specified by the Central government. It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore. example :- LIC AND GIC AGREED. |
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HI,
I agree with you.
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