arrow
arrow
arrow
Under the Limited Liability Partnership Act, 2008, Under Section 2(8), which of the following is not included in definition of "body corporate"?
Question

Under the Limited Liability Partnership Act, 2008, Under Section 2(8), which of the following is not included in definition of "body corporate"?

A.

Company Under Section 2(20), Company Act, 2013.

B.

A Company incorporated outside India.

C.

A Corporation Sole.

D.

A Limited Liability Partnership incorporated outside India.

Correct option is C

The correct answer is: (c) A Corporation Sole.

Detailed Explanation

Under Section 2(1)(d) [often referred to under Section 2 definitions] of the Limited Liability Partnership Act, 2008, a "body corporate" means a company as defined under clause (20) of Section 2 of the Companies Act, 2013 and includes:

1.      An LLP registered under the LLP Act, 2008.

2.      An LLP incorporated outside India.

3.      A company incorporated outside India.

However, the section explicitly excludes:

·       A corporation sole

·       A co-operative society registered under any law for the time being in force

·       Any other body corporate specified by the Central Government via notification

Therefore, a Corporation Sole is explicitly excluded from the definition of a body corporate.

Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘UGC NET LAW’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
530k+ students have already unlocked exclusive benefits with Test Prime!

Similar Questions

Our Plans
Monthsup-arrow