What is a Body Corporate?

Last Updated at: Oct 30, 2020
income tax form
On August 24, 2020, MCA issued Companies (CSR Policy) Amendment Rules, 2020, and amended Schedule VII of the Companies Act, 2013. Under the new Rules, companies that are engaged in R&D of a new vaccine, drugs, and medical devices are permitted to undertake such activity related to Covid-19 for financial years 2020-21, 2021-22, and 2022-23- subject to fulfillment of the prescribed conditions.


A company is a body corporate, an independent corporate existence which “distinguishes” it from a partnership. In Indian Laws, a Body Corporate has been defined under Section 2 (7) of the Companies Act, 1956.

It includes all the corporations within India and outside India as well, EXCEPT: (1) A Corporation Sole, (2) A Co-operative Society registered under any co-operative societies laws, and (3) Any such other corporations which the central government might include in the Official Gazette as not being a body corporate under the Companies Act, 1956.

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