IndigoLearn

Forums

Incorporation

What is the difference between company & body corporate?


aditi dwivedi

aditi dwivedi

CA Inter

2K+

28-Mar-21 23:44

44

Answers (1)

Body corporate: Form of organization which has a status separate from its members - company, LLP, cooperative society etc. It is broader term than company. Company : This includes those specifically formed under Companies Act. Also includes companies which have separate acts like Insurance companies, Banking companies, Electricity companies etc. For companies Act purposes, refer their definitions given in the Act.


Sahibdeep Singh

Sahibdeep Singh

Moderator

29-Mar-21 11:14

IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams