TaxTMI 
TaxTMI 
Body corporate Or Corporation
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....uccession under an artificial form, and vested by policy of the law with the capacity of acting in several respects as an individual, particularly of taking and granting property, of contracting obligations and of suing and being sued, of enjoying privileges and immunities in common, and of exercising a variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred upon it, either at the time of its creation or at any subsequent period of its existence. HALSBURY's Laws of England, 3rd ed. vol. 9 p. 4. A company registered under the Companies Act, 1956, is a corporation aggregate. A corporation sole is a body politic having perpetual succession, constituted in a single....
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.... NECESSARY) are included in the express powers." In BLACK'S LAW DICTIONARY, NINTH EDITION, Page, 391, the word Corporation has been defined as under:- "Corporation, n. (15)c An entity (usu. a business) having authority under law to act as a single person distinct from the shareholders who own it and having rights to issue stock and exist indefinitely; a group or succession or persons established in accordance with legal rules into a legal or juristic person that has a legal personality distinct from the natural persons who make it up, exists indefinitely apart from them, and has the legal powers that its constitution gives it,- Also termed corporation aggregate; aggregate corporation; body corporate; corporat....
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....rporate? - In SRL, it has been held that LLP entity not being 'Body corporate' is not liable to pay services tax under reverse charge. There can be surely two views on this issues, a section 3(1) of LLP Act, 2008 itself states that LLP is a body corporate. SRL Advisors LLP Vs Commissioner of Central Tax Delhi South Commissionerate - [2021 (7) TMI 1195 - CESTAT NEW DELHI] As per legal glossary issued by legislative department - Corporation means : A body corporate legally authorised to act as a single person [art. 19(6)(ii), Const.] In Daman Singh- [1985 (4) TMI 322 - SUPREME COURT] a Constitution Bench of this Court considered Entry 43 of List I and Entry 32 of List II of the Seventh Schedule o....
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..... Halsbury's Laws of England Fifth Edition, Vol. 24 defines the Corporation as follows: "301. Corporations and unincorporated associations. A corporation may be defined as a body of persons (in the case of a corporation aggregate) or an office (in the case of a corporation sole) which is recognised by the law as having a personality which is distinct from the separate personalities of the members of the body or the personality of the individual holder for the time being of the office in question. There are many associations and bodies of persons which are not corporations. Unincorporated associations do not have legal personality, may not sue or be sued in their own name nor (unless their purposes ar....
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....ch the charter of its creation confers upon it, either expressly or as incidental to its very existence. These are such as are supposed best calculated to effect the object for which it was created. Among the most important are immortality, and, if the expression may be allowed, individuality; properties, by which a perpetual succession of many persons are considered as the same, and may act as a single individual. They enable a corporation to manage its own affairs, and to hold property, without the perplexing intricacies, the hazardous and endless necessity, of perpetual conveyances for the purpose of transmitting it from hand to hand. It is chiefly for the purpose of clothing bodies of men, in succession, with these qualities and capacit....