Difference between body corporate and a company

Section 2(11) definition is very confusing and inconclusive. It states the term body corporate includes companies incorporated outside India..but excludes 

A) cooperative society 

B) trust

From the above it is not clear whether it includes companies incorporated in India, whether it includes statutory corporation like Food Corporation of India.

There is a need to address this. First of all we should define company clearly and unambiguously

Lookt at the UK Companies Act 2006 definition of company

1Companies

(1)In the Companies Acts, unless the context otherwise requires—

“company” means a company formed and registered under this Act, that is—

(a)a company so formed and registered after the commencement of this Part, or

(b)a company that immediately before the commencement of this Part—

(i)was formed and registered under the Companies Act 1985 (c. 6) or the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)), or

(ii)was an existing company for the purposes of that Act or that Order,

(which is to be treated on commencement as if formed and registered under this Act).

(2)Certain provisions of the Companies Acts apply to—

(a)companies registered, but not formed, under this Act (see Chapter 1 of Part 33), and

(b)bodies incorporated in the United Kingdom but not registered under this Act (see Chapter 2 of that Part).

(3)For provisions applying to companies incorporated outside the United Kingdom, see Part 34 (overseas companies).