The Political Institutions and Theories of the Hindus: A Study in Comparative Politics c9.s4.t2.2

c9.s4.t2.2

Gilds were governed by boards of two, three, or five persons.⁶ They conducted their business in a *sabhâ*, i. e. soviet or public assembly. As corporate bodies they could make *samaya*⁷ or compact with private individuals as well as among themselves, and the state had to see to it that gild compacts were enforced like all other compacts in the land.