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Section 2

[(i) "inter-connected undertakings" means two or more undertakings which are inter-connected with each other in any of the following manners, namely—

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2 [(i) "inter-connected undertakings" means two or more undertakings which are inter-connected with each other in any of the following manners, namely— (A) if one owns or controls the other; (B) where the undertakings are owned by firms, if such firms have one or more common partners; (C) where the undertakings are owned by bodies corporate,— (I) if one body corporate manages the other body corporate; or (II) if one body corporate is a subsidiary of the other body corporate; or (III) if the bodies corporate are under the same management; or (IV) if one body corporate exercises control over the other body corporate in any other manner;