Article 2 - General Definitions - Libya

CHAPTER II DEFINITIONS Article 2 GENERAL DEFINITIONS 1. In this Convention, unless the context otherwise requires: (a) the terms a Contracting State and the other Contracting State mean India or Libya , as the context requires ; (b) the term person comprises an individual, a company and any other body of persons ; (c) the term Company means any body corporate or any entity which is treated as a body corporate for tax purposes ; (d) the terms enterprise of a Contracting State and enterprise of the other Contracting State mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise by a resident of the other Contracting State ; (e) the term competent authority with respect to the Socialist Peoples Libyan Arab Jamahiriya means the Ministry of Treasury, and with respect to India means the Ministry of Finance (Department of Revenue). 2. For the purposes of this Convention, the term resident of a Contracting State means any person who, under the law of that State, is liable to taxation therein by reason of his domicile, residence, place of management or any other criterion of a similar nature. 3. As regards the application of the Convention by a Contracting State any term not otherwise defined shall, unless the context otherwise requires, have the meaning which it has under the laws of that Contracting State relating to the taxes which are the subject of the Convention.