A 'foreign company' under Section 2(42) is a company or body corporate:

1. Section 2(42) — 'foreign company' means a company/body corporate incorporated outside India that has a place of business in India physically or through electronic mode, and conducts any business activity in India. 2. Even purely-electronic businesses can fall within the definition. 3. Hence (A). _Source: ICAI BoS CA Inter Paper 2 — Companies Incorporated Outside India_