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Body corporate designation confirms a public commission's classification under company law provisions for corporate status. The Central Government designates the Oil and Natural Gas Commission as a body corporate for the purposes of sub clause (c) of clause (7) of section 2 of the Companies Act, 1956, pursuant to the enabling provision in that Act and by reference to the Commission's establishment under a separate statute, thereby aligning its legal classification with corporate entities under company law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Body corporate designation confirms a public commission's classification under company law provisions for corporate status.
The Central Government designates the Oil and Natural Gas Commission as a body corporate for the purposes of sub clause (c) of clause (7) of section 2 of the Companies Act, 1956, pursuant to the enabling provision in that Act and by reference to the Commission's establishment under a separate statute, thereby aligning its legal classification with corporate entities under company law.
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