As per Section 2(7) of the Companies Act 1956, a BODY CORPORATE includes a company which has been incorporated outside India.
It does not include- a co-operative society registered under any law relating to co-operative societies or any any body corporate which the central Government may notify in this regard.
EVERY INCORPORATED COMPANY IS A BODY CORPORATE BUT THE REVERSE i.e EVERY BODY CORPORATE IS NOT A COMPANY as:
There are many bodies corporate which are not incorporated as Companies.
It does not include- a co-operative society registered under any law relating to co-operative societies or any any body corporate which the central Government may notify in this regard.
EVERY INCORPORATED COMPANY IS A BODY CORPORATE BUT THE REVERSE i.e EVERY BODY CORPORATE IS NOT A COMPANY as:
There are many bodies corporate which are not incorporated as Companies.
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