Partial reverse charge mechanism

Queries 402 views 1 replies

Whether a Society registered under Societies Registration Act will be treated as Body Corporate under Companies Act 1956 for the purpose of Partial Reverse charge mechanism.

Replies (1)
Originally posted by : Rakesh
Whether a Society registered under Societies Registration Act will be treated as Body Corporate under Companies Act 1956 for the purpose of Partial Reverse charge mechanism.

Sub-section (7) of Section 2 of the Companies Act, 1956 defines a Body Corporate or Corporation as follows:-
.
“Body Corporate” or “Corporation” includes a company incorporated outside India but does not include---
.
(a) a corporation sole;
.
(b) a co-operative society registered under any law relating to co-operative societies; and
.
(c) any other body corporate (not being a company as defined in this Act), which the Central Government may, by notification in the Official Gazette, specify in this behalf.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register