Section 125(9)(b) in The Bihar Panchayat Raj Act, 2006
(b)The following shall be the authorities for the purposes of clause (a), namely:(i)Every local authority;(ii)a Government company as defined in Section 617 of the Companies Act, 1956 (1 of 1956);(iii)any other institution, concern or undertaking which is established by or under a Central, Provincial or State Act or which is controlled, or financed wholly or substantially by funds provided, directly or indirectly, by the Central Government or a State Government.]