Amendment of section 4.

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.... 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 b....

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....nagement,--       (i) if one such body corporate exercises control over the other or both are under the control of the same group or any of the constituents of the same group; or       (ii) if the managing director or manager of one such body corporate is the managing director or manager of the other; or       (iii) if one such body corporate holds not less than one-fourth of the equity shares in the other or controls the composition of not less than one-fourth of the total membership of the Board of directors of the other; or       (iv) if one or more directors of one such body corporate constitute, or at any time within a period....

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.... is exercised or controlled by the same individuals belonging to a group or by the same bodies corporate belonging to a group, or jointly by such individual or individuals and one or more of such bodies corporate; or       (ix) if the directors of one such body corporate are accustomed to act in accordance with the directions or instructions of one or more of the directors of the other, or if the directors of both the bodies corporate are accustomed to act in accordance with the directions or instructions of an individual, whether belonging to a group or not.           Explanation II.- If a group exercises control over a body corporate, that body corporate and every....

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.... or indirectly, over any body corporate, firm or trust; or            (ii) associated persons.                Explanation VI.- For the purposes of this clause,--       (I) a group of persons who are able, directly or indirectly, to control the policy of a body corporate, firm or trust, without having a controlling interest in that body corporate, firm or trust, shall also be deemed to be in a position to exercise control over it;       (II) "associated persons"-            (a) in relation to a director of a bo....