Indian Company as per IT Act?

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sanath (Querist)
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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)
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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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