Can I get admission in this college for MBA? Did B.Com(Hons.) with 40.25% marks.

Hi, The admissions would happen based on different criteria and not just your marks. So you need to first give your entrance test (CAT, MAT, etc) and then you would also have an interview if everything gets clicked, only then would you be eligible to take the course. You can always do your first bit

No, you can't get admission to any college. Even reserved categories students have to score above 45%.

Mostly college criteria is that the candidate must have 50% in graduation.