Body corporate definition includes companies incorporated outside India but excludes cooperative societies and other notified bodies. The statutory definition of body corporate includes companies incorporated outside India, subject to contextual qualification, and excludes co-operative ... Summary
Body corporate definition includes companies incorporated outside India but excludes cooperative societies and other notified bodies.
The statutory definition of body corporate includes companies incorporated outside India, subject to contextual qualification, and excludes co-operative societies registered under co-operative laws. It further permits exclusion of other non-company corporate entities through a formal notification mechanism, establishing an exemption power that narrows the baseline inclusion.
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