Indian Company as per IT Act?

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sanath (Querist)

01 July 2010 What is 'domestic company' as per IT Act?
The def says 'indian company'.
What is Indian Company as per 'IT Act'?

Aditya Maheshwari

Aditya Maheshwari (Expert)

01 July 2010 Indian company is defined u/s 2(26) as under:
(26) “Indian company” means a company formed and registered under the Companies Act, 1956 (1 of 1956), and includes—

(i) a company formed and registered under any law relating to companies formerly in force in any part of India (other than the State of Jammu and Kashmir 30[and the Union territories specified in sub-clause (iii) of this clause]) ;

31[(ia) a corporation established by or under a Central, State or Provincial Act ;

(ib) any institution, association or body which is declared by the Board to be a company under clause (17) ;]

(ii) in the case of the State of Jammu and Kashmir, a company formed and registered under any law for the time being in force in that State ;

32[(iii) in the case of any of the Union territories of Dadra and Nagar Haveli, Goa†, Daman and Diu, and Pondicherry, a company formed and registered under any law for the time being in force in that Union territory :]

Provided that the 33[registered or, as the case may be, principal office of the company, corporation, institution, association or body] in all cases is in India ;

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