Commercial Concern - Definition - Law Dictionary Home Dictionary Definition commercial-concern

Definition :

Commercial concern, means a public limited com-pany or a cooperative society or a firm or any other person or body of persons engaged in trade or commerce, and includes-

(i) a concern engaged in banking or insurance;

(ii) a financial corporation;

(iii) a concern engaged in shipping and navigation;

(iv) a concern engaged in the business of brokers dealing in shares, stocks and securities and commodities;

(v) a concern engaged in the business of advertising consultants;

(vi) a light railway;

(vii) a concern engaged in road transport service;

(viii) a concern engaged in air transport service;

(ix) a rubber, tea, coffee or cinchona plantation;

(x) a concern engaged in the business of forwarding and clearing agents;

(xi) any other concern which, in the opinion of the Central Government, is a commercial concern and is declared to be such by that Government by notification in the Official Gazette, but does not include an industrial concern. [Collection of Statistics Act, 1953 (32 of 1953), s. 2(b)]