INDIAN COMPANIES [Sec. 2(26)]-
An Indian company means a company formed and registered under the companies act,1956.Besides,it includes the following:
a.a company formed and registered under any law relating to companies formerly in force in any part of india other than state of jammu and Kashmir and the union terrorists specified in (e);
b.a corporation established by or under a central,state or provisional act;
c.any institution,association or body which is declared by the board to be a company under section2(17)
Company in which public are substantially interested [Sec. 2(18)]
1.Owned by government/RBI-A company owned by the government or the reserve bank or in which not less than 40% shares(in terms of values)