Amendment status not verified — confirm the current text below against the official source.
Difwilzo1zs.-In this Act, unless the context otherw1~e 1c· qu1res,- (l) ·Board' means the State A1d to Industries Board comututtd under section 3, (2) 'comp.my' means a company as defined m section 3 of the Compames Act, 1956 (Central Act I of 1956) and includes a foreign company within the meaning of section 591 ol that Act; (3) 'Director' means the Director of Industries and Commerce and includes any person appointed by the Government either by name or by virtue of his office to perform all or any of the functton$ of the Director of Industries and Commerce under this Act ; ( 4) 'industry means any indust11al business or enterprise con- ducted io the State by any ind1v1dual, institution, company, association or body of individuals whethc1 mcot·porated or not and includes a cottage industry, a small scale industry, and a village industry ; but shall not mclude an industry organised on co-operattve basis which is eligible for financial assistance from the Cemral or State Government or a Co-ope1ative Bank under any specific development programme i (5) ' cottage mdustry • means an mdust11al business or entc1 pn~ c.imed on m any premise to which the Factone:. /\ct, 1948 (Central Act 63 of l 948), do(!!, not apply, and includes dairy fanning, bce-keepmg and keepmg a poultry farm ; (6) ' small :.cale indust1 y ' mean:. an 1 ndustnal business or en tel - pnse the capital mvested in which does not exceed five lakhs of rupees ; (7) 'village industry' means any indu!.try which form!> the normal occupation, whethe1 whole-time or part-time, of any class of the rural population of the State ; {BJ 'machinery' includes plant, apparatus, tools aud other appli- ances required fo1 the purpose of carrymg on any tndust11al operation or process; (9) 'vwner' means the person who owm any 111dustnal unde1. takrng .md includes the s1.\cccssor-in-mtercl>t of such pcr:.011 in respect of :,uch undertaking; Ac...t ; (10) •prescribed' me.ins p1escnbcd by 1ules m.ide under this ( 1 l ' ~td.tc' mean:. the ~late of Ket ala ; ( 12) 'State aid' muns .rny aid g1ve11 by 01 on behalf of the liovcrument unde1 the prov1s10n:. of th1l> Act and the 1 ules, ii any, made thereunde1. CHAPTfR 11 The State aid te Industries Board