Define the term ‘Body Corporate' as per the provisions of the Limited Liability Partnership Act, 2008.
CA Intermediate · Corporate and Other Laws · MTP · September 2024
Define the term ‘Body Corporate' as per the provisions of the Limited Liability Partnership Act, 2008.
Suggested Answer and Working Notes:
Body Corporate: According to section 2 (1) (d) of the Limited Liability Partnership Act, 2008, body corporate means a company as defined in section 2 (20) of the Companies Act, 2013 and includes: (i) a LLP registered under the Limited Liability Partnership Act, 2008; (ii) a LLP incorporated outside India; and (iii) a company incorporated outside India, but does not include- (i) a corporation sole; (ii) a co-operative society registered under any law for the time being in force; and (iii) any other body corporate (not being a company as defined in section 2 (20) of the Companies Act, 2013 or a limited liability partnership as defined in the Limited Liability Partnership Act, 2008), which the Central Government may, by notification in the Official Gazette, specify in this behalf.
Topics: The Limited Liability Partnership Act, 2008
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