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Report No. 60 Section 13A (New) "13A. Incorporation.- Where, by or under any Central Act or Regulation made on or after the day of ,1 any association or body of persons is constituted a body corporate, then, unless a different intention appears, that body corporate- (a) shall have perpetual succession, and a common seal with power to alter or change the seal; (b) may sue and be sued by its corporate name; (c) shall have power (i) to contract by its corporate name; (ii) to acquire, hold or dispose of property, whether movable or immovable." 1. Date of commencement of amendment Act to be inserted. |
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