Section 2, Competition Act, 2003 [S21-MCX]
As at 7 September 2026. In force from 8 November 2003.
2. Definitions.—In this Act, unless the context otherwise requires,— (a) "company" means a company incorporated under this Act or under any previous company law; (b) "officer" includes any director, manager or key managerial personnel or any person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act; (c) "Registrar" means a Registrar, an Additional Registrar, a Joint Registrar, a Deputy Registrar or an Assistant Registrar, having the duty of registering companies and discharging various functions under this Act; (d) "Tribunal" means the National Company Law Tribunal constituted under section 408 of the Companies Act, 2013 (18 of 2013); (e) "financial year" in relation to any company or body corporate, means the period ending on the 31st day of March every year; (f) "books of account" includes records maintained in respect of all sums of money received and expended by a company and matters in relation to which the receipts and expenditure take place; (g) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (h) "prescribed" means prescribed by rules made under this Act.
Defined terms in this text (6)
books of account: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "books of account" includes records maintained in respect of all sums of money received and expended by a company and matters in relation to which the receipts and expenditure take place
books of account: 3 more definitions.
company: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "company" means a company incorporated under this Act or under any previous company law
company: 13 more definitions.
financial year: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "financial year" in relation to any company or body corporate, means the period ending on the 31st day of March every year
financial year: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (21) "financial year" shall mean the year commencing on the first day of April; (22) a thing shall be deemed to be done in "good faith" where it is in fact done honesty, whether it is done negligently or not;
financial year: 21 more definitions.
officer: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "officer" includes any director, manager or key managerial personnel or any person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act
officer: 11 more definitions.
Registrar: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "Registrar" means a Registrar, an Additional Registrar, a Joint Registrar, a Deputy Registrar or an Assistant Registrar, having the duty of registering companies and discharging various functions under this Act
Registrar: 79 more definitions.
Tribunal: Section 2, Competition Act, 2003 [S21MCX] (In this Act, unless the context otherwise requires,—): "Tribunal" means the National Company Law Tribunal constituted under section 408 of the Companies Act, 2013 (18 of 2013)
Tribunal: 11 more definitions.
Made under this section, or naming it (1)
Competition Commission of India (Licensing of The recovery of debts) Bye-laws, 2018 [R11-DMK], 23 May 2018, in force. The text contains " (c) words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Cited by (4)
Rule 2, Competition Act Rules, 2004 [S21-SJN], 21 April 2004, Band A. " (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Section 2, CCI (Forms of Companies) Regulations, 2024 [S2Y-FTM], 17 July 2024, Band A. " (c) words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Section 2, CCI (Forms of Directors) Regulations, 2009 [S2Q-5AY], 9 February 2009, Band A. " (c) words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Section 2, CCI (Inspection of Directors) Regulations, 2025 [S2Y-XWT], 13 May 2025, Band A. " (c) words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Not held (1)
"section 408 of the Companies Act, 2013"
Duties published under this section (0)
none