WebApr 12, 2024 · Companies, on the other hand, don't carry individual owners or people liable for any financial obligations or legal requirements the company accrues. Definition of Body Corporate. The term corporation is most commonly used to identify just what the Indian Companies Respond of 2013 defines as body corporate. WebCorporate. Pertaining to or possessing the qualities of a corporation, a legal entity created—pursuant to state law—to serve the purposes set out in its certificate of incorporation. A corporate officer is an individual who is charged with the management of a corporation by virtue of a position as its president, vice president, treasurer ...
BODY CORPORATE English meaning - Cambridge …
Webbody corporate (in accordance with section 417 (1) of the Act (Definitions)) any body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom. WebApr 4, 2024 · A corporation consisting of a body of persons legally authorized to act as one person, while being distinct from that person. For example, the shareholders of a … how to learn more obscure language
Understanding the concept of Body Corporate - CAclubindia
WebA corporation is also known as a body corporate that can be registered inside or outside a country's borders and jurisdiction. In the past, the term corporation has been used to … WebApr 4, 2024 · A corporation consisting of a body of persons legally authorized to act as one person, while being distinct from that person. For example, the shareholders of a company are separate from the company. See artificial person. From: body corporate in A Dictionary of Business and Management » Subjects: Social sciences — Business and Management WebA body corporate is the same but on a much smaller scale. Inside a body corporate are individual lots and common property. The lots (or units/apartments) are the pieces of … how to level up in felandia roblox