For the purposes of this Act, a ship shall not be deemed to be an Indian ship
unless owned wholly by persons to each of whom 1[any] of the following descriptions applies:--
(a) a citizen of India; or
2[(b) a company or a body established by or under any Central or State Act which has its principal place of business in India; or
(c) a co-operative society which is registered or deemed to be registered under the Cooperative Societies Act, 1912 (2 of 1912), or any other law relating to co-operative societies for the time being in force in any State.]
(a) a citizen of India; or
2[(b) a company or a body established by or under any Central or State Act which has its principal place of business in India; or
(c) a co-operative society which is registered or deemed to be registered under the Cooperative Societies Act, 1912 (2 of 1912), or any other law relating to co-operative societies for the time being in force in any State.]
1. Subs. by Act 43 of 1961, s. 2, for "either" (w.e.f. 28-9-1981).
2. Subs. by Act 68 of 1993, s. 2, for clauses (b) and (c) (w.e.f. 27-10-1993).