Which is not included in the definition of ‘Person’ under Section 2(l) of the Competition Act, 2002?
Under Section 2(l) of the Competition Act, 2002, the definition of “person” covers any corporation established by or under any Central, State or Provincial Act (Section…
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Which is not included in the definition of ‘Person’ under Section 2(l) of the Competition Act, 2002?
Answer and explanation
Correct answer B
Under Section 2(l) of the Competition Act, 2002, the definition of “person” covers any corporation established by or under any Central, State or Provincial Act (Section 2(l)(vi)), so “any corporation whether established by or under any Act or not” is not included in the statutory definition. An association of persons incorporated outside India, a body corporate incorporated under the law of a country outside India, and a local authority are all expressly included under clauses (v), (vii) and (ix).
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