Search results
BODY CORPORATE definition: an organization such as a company or government that is considered to have its own legal rights and…. Learn more.
A body corporate is a legal entity formed by a group of individuals or entities for a specific purpose, typically involving collective ownership, management, or administration. It has rights and duties under the law, similar to those of an individual person.
Jun 6, 2023 · Generally, the term body corporate or corporate means an association of person having the following characteristics: It is incorporated under any law for the time being in force. It has separate legal identity.
Aug 30, 2018 · A body corporate – or owners’ corporation, as it’s more commonly known – brings together all the individual owners within a single strata titled property, like a block of flats. Strata is a way of handling legal ownership of part of a building.
"corporation" means any body corporate formed or incorporated or existing within Malaysia or outside Malaysia and includes any foreign company but does not include—
BODY CORPORATE meaning: an organization such as a company or government that is considered to have its own legal rights and…. Learn more.
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.
Jan 1, 2024 · 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.
Sep 19, 2023 · noun. : corporation. Examples of body corporate in a Sentence. 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. Keryn Donnelly, refinery29.com, 19 Sep. 2023.
Body corporate definition: a person, association, or group of persons legally incorporated; corporation.. See examples of BODY CORPORATE used in a sentence.
