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- DictionaryBod·y cor·po·rate/ˈbädē ˈkôrp(ə)rət/
noun
- 1. formal term for corporation
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BODY CORPORATE definition: an organization such as a company or government that is considered to have its own legal rights and…. Learn more.
- English (US)
BODY CORPORATE meaning: an organization such as a company or...
- Znaczenie Body Corporate, Definicja W Cambridge English Dictionary
body corporate definicja: an organization such as a company...
- English (US)
The key responsibilities of a body corporate encompass managing common property, regulating by-laws, and handling finances. Common property refers to areas shared among owners such as hallways, gardens, and recreational facilities. Ensuring these areas are clean, safe, and well-maintained is a primary duty of the body corporate.
Quick Reference. 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 ...
Jan 1, 2024 · Definition of Body Corporate. The term corporation is most commonly used to describe what the Indian Companies Act of 2013 defines as body corporate. The act further defines that body corporate entities can be incorporated inside of a company or outside of its jurisdiction. However, body corporate excludes the following: Cooperative societies
Body corporate definition: a person, association, or group of persons legally incorporated; corporation.. See examples of BODY CORPORATE used in a sentence.
Sep 19, 2023 · The meaning of BODY CORPORATE is corporation. Recent Examples on the Web Earlier in the season, House 2's Leah and Ash called a body corporate meeting after Steph's dad was caught helping her on the worksite.
Body corporate. For the purposes of the Companies Acts, this includes a body incorporated outside the UK but does not include: A corporation sole; or. A partnership that, whether or not a legal person, is not regarded as a body corporate under the law by which it is governed. ( Section 1173 (1), Companies Act 2006 .)
