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CS Professional · CSR and Social Governance · Model Code for Meetings of Non-Corporate Entities

Lotus Education Society wants to use the model code for its meetings. Which of the following entities is clearly a non-corporate entity for which such a code is intended?

A partnership firm formed under the Indian Partnership Act, 1932 is a non-corporate entity, like societies and trusts. Listed companies and section 8 companies are incorporated bodies governed by the Companies Act, 2013, so the model code for non-corporate meetings is not aimed at them.

  1. AInfosys Limited, a listed public company
  2. BTata Steel Limited
  3. CA partnership firm, Mehta & Sons, formed under the Indian Partnership Act, 1932Correct
  4. DA section 8 company incorporated under the Companies Act, 2013

Explanation

Non-corporate entities include societies, trusts and partnership firms, which are not incorporated under company law. Public companies and section 8 companies are corporate bodies governed by the Companies Act and Secretarial Standards.

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