(1) Subject to subsections (2) to (7), the provisions specified in Schedule 14 shall apply to all bodies corporate incorporated in and having a principal place of business in the State as if they were companies registered under this Act.
(2) The foregoing provisions shall not apply by virtue of this section to any of the following bodies -
(a) any body corporate incorporated by or registered under any public general statute,
(b) any body corporate not formed for the purpose of carrying on a business which has for its objects the acquisition of gain by the body or by the individual members thereof,
(c) any body corporate which is prohibited by statute or otherwise from making any distribution of its income or property among its members while it is a going concern or when it is being wound up, and
(d) any body corporate for the time being exempted by a direction given by the Minister for the purposes of this section,
each of which is referred to in this section as an "excluded body".
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