Body corporate definition clarified: societies under the Societies Registration Act are excluded; statutory incorporation, perpetual succession, common seal required. A body will be treated as a body corporate if it is incorporated under statute, has perpetual succession, a common seal and is a legal entity separate ... Summary
Body corporate definition clarified: societies under the Societies Registration Act are excluded; statutory incorporation, perpetual succession, common seal required.
A body will be treated as a body corporate if it is incorporated under statute, has perpetual succession, a common seal and is a legal entity separate from its members; however, societies registered under the Societies Registration Act, 1860, and entities specifically excluded by clause (7) sub clauses are not included within the term "body corporate".
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