Can any 1 say me the difference between a "Company, Corporation, Body Coprporate"
pls do mention the relevant sections,
and also mention any refence site for such doubts for immediate clarification.
Thanks
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 28 June 2011
1). company :- (a) under the companies act, 1956
" Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)]
(b) General :-
Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom.
Common stock - capital of the company.
Persons - Members of the company.
Profit - Dividend
2) Body corporate/corporation [sec.2(7)]
"Body corporate" includes a company incorporated outside India but does not include,
(a) Corporation sole;
(b) co-operative societies;
(c) Specified by the Central government.
It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore.
example :- LIC AND GIC
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 28 June 2011
| Originally posted by : kamal kishor sen | ||
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1). company :- (a) under the companies act, 1956 " Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)] (b) General :- Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom. Common stock - capital of the company. Persons - Members of the company. Profit - Dividend 2) Body corporate/corporation [sec.2(7)] "Body corporate" includes a company incorporated outside India but does not include, (a) Corporation sole; (b) co-operative societies; (c) Specified by the Central government. It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore. example :- LIC AND GIC |
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AGREED.
Future CA
(Student)
(58 Points)
Replied 28 June 2011
Corporation is one which is Incorporated by an Act of Parliament
| Originally posted by : kamal kishor sen | ||
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perectly said
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varikasery
(Business)
(29 Points)
Replied 07 July 2011
| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
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Originally posted by : kamal kishor sen 1). company :- (a) under the companies act, 1956 " Company means, a company formed and registered under the companies act , 1956 or under the previous laws relating to companies [sec3(1)(i)] (b) General :- Company is an association where some persons contribute their money in a common stock and employ in the business and share profits or losses arising therefrom. Common stock - capital of the company. Persons - Members of the company. Profit - Dividend 2) Body corporate/corporation [sec.2(7)] "Body corporate" includes a company incorporated outside India but does not include, (a) Corporation sole; (b) co-operative societies; (c) Specified by the Central government. It is wider than a company. Minimum authorised capital of a body corporate should be Rs.5 crore. example :- LIC AND GIC AGREED. |
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HI,
I agree with you.
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