Definitions

Definitions. - (a) "bank" means a banking company as defined in the Banking Companies Act, 1949 and includes the State Bank of India constituted under the State Bank of India Act, 1955; (b) "Chief Commissioner" means the Chief Commissioner of the Andaman and Nicobar Islands; (c) "Company" means a company as defined in the Indian Companies Act, 1913 and includes any company formed and registered outside India; (d) "Co-operative Society" means a co-operative society registered or deemed to be registered under the Co-operative Societies Act, 1912, or under any other law for the time being in force in any State for the registration of co-operative societies; (v) an advance made to a subscriber to, or depositor in, a Provident Fund from the amount standing to his credit in the Fund in accordance with rules of the fund; (vi) a loan to or by an Insurance company as defined in the Insurance Act, 1938; (viii) an advance made on the basis of a negotiable instrument as defined in the Negotiable Instruments Act, 1881, other than a promissory note; (ix) a loan to a trader, if the amount of the loan exceeds Rs. 20,000 (j) "money-lender" means a person other than a bank (i) who carries on the business of money-lending in the Islands or (ii) who has a place of such business in the Islands, and includes a pawn-broker; (k) "money-lending business" or "business of money-lending" means the business of advancing loans whether solely or in connection with any other business; (l) "pawn-broker" means a person who carries on the business of taking goods and chattels in pawn for a loan; (m) "pawnor" means a person delivering an article for pawn to a pawn-broker; (o) "prescribed" means prescribed by the Chief Commissioner under this Regulation; (p) "principal" in relation to a loan means the amount actually lent to the debtor; (q) "Provident Fund" means a Provident Fund as defined in the Provident Funds Act, 1925 and includes a Government Provident Fund and a Railway Provident Fund as defined in that Act