Exclusion of Companies Act application: registered societies are not subject to the Indian Companies Act under Section 48. Section 48 provides a statutory exclusion whereby the provisions of the Indian Companies Act, 1882 do not apply to registered societies, thereby ... Summary
Exclusion of Companies Act application: registered societies are not subject to the Indian Companies Act under Section 48.
Section 48 provides a statutory exclusion whereby the provisions of the Indian Companies Act, 1882 do not apply to registered societies, thereby distinguishing the regulatory scope of the Companies Act from the legal treatment of societies and cooperative entities.
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