<company> A leading vendor of client/server application development tools. In February 1994, Watcom became a wholly-owned subsidiary of Powersoft Corporation which merged with Sybase on 13 February 1995. In April 1995, the new company is the fastest growing top-ten software company and the seventh largest software company in the world. http://powersoft.com/. Headquarters: Concord, Massachusetts, USA. (1995-12-27)

The Kochi Municipal Corporation is the municipal corporation that manages a portion of the Indian city of Kochi (also known as Cochin). The Corporation manages 94.

n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A non-profit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation. Upon dissolution of a nonprofit corporation its assets must be distributed to an organization existing for similar purposes under the "cy pres doctrine." In order for contributions to the corporation to be deductible as charitable gifts on federal income taxes, the corporation must submit a detailed application (with a substantial fee) for an Internal Revenue Service ruling that it is established for one of the specific nonprofit purposes spelled out in the Internal Revenue Code. Informational tax returns must be filed annually with the IRS and the state taxing body. In addition, the state Attorney General may have oversight powers to determine if the corporation is abiding by state laws by limiting its activities to its approved non-profit purposes and not milking the corporation for disguised profits. See also: charity corporation cy pres doctrine