Question

‘Corporate body’ represents

• A. Joint Stock Company
• B. Co-operative Societies
• C. Both Joint Stock Company and Co-operative Societies
• D. Registered Partnership Firms

Answer 1

Answer:

C. Both Joint Stock Company and Co-operative Societies

• A corporate body refers to a legal entity that is distinct from its members and can act in its own name. Both Joint Stock Companies and Co-operative Societies are examples of corporate bodies, as they have separate legal identities from their shareholders or members.

• Registered Partnership Firms, on the other hand, do not usually have a separate legal identity from the partners, so they are not considered corporate bodies.