Question
Section 2(20): “Company means a company incorporated under
this Act or under any previous company law.” Consider: (1) This definition covers companies formed under the Companies Act, 1956. (2) It includes foreign companies having places of business in India. (3) It excludes OPCs. (4) It is an inclusive definition.Solution
Only (1) is correct. Foreign companies are separately defined under Section 2(42). Definition is exhaustive, not inclusive.
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