Corporation definition distinguishes aggregate and sole entities, affecting statutory recognition and inclusion under LLP law. The document defines Corporation as an artificial legal person distinct from its members with perpetual succession, capacity to hold property, contract, sue and be sued, distinguishing corporation aggregate (a collective body) and corporation sole (an office held by one person). It notes that statutory corporations have powers limited to those conferred by their constituting enactments, and records the LLP Act provision treating certain companies and LLPs as bodies corporate while excluding corporation sole and specified other bodies.