Definitions.

In this Act, unless the context otherwise requires,— (a) "Board" means the Madhya Pradesh Infrastructure Investment Fund Board constituted under Section 3; (b) "Financial Assistance" means the types of assistance specified in the Scheme; (c) "Fund" means the Madhya Pradesh Infrastructure Investment Fund established under Section 15; (d) "Fund Manager" means the Fund Manager of the Board; (e) "Infrastructure Projects" Include projects in the sector of roads, irrigation, water supply, solid waste management and drainage or a multipurpose project in any one or more of these areas; (f) "local Self Government" means a Panchayat at any level constituted under the Madhya Pradesh Panchayat Raj Adhiniyam, 1993 (No. 1 of 1994), or a Municipality or a Nagar Panchayat Constituted under the Madhya Pradesh Municipalities Act, 1961 (No. 37 of 1961) or a Municipal Corporation Constituted under the madhya Pradesh Municipal Corporation Act, 1956 (No. 23 of 1956); (g) "Other undertakings" means Public companies established in the State under the Companies Act, 1956 (Central Act 1 of 1956) in joint sector, where the investment of the Government is not less than forty per cent. of the total paid up share capital, or societies established under the Societies Registration Act, 1860 (Central Act 21 of 1860) and where Government, local self Governments or any Public Sector undertaking, as the case may be, have not less than fifty per cent. of interest in its assets, ownership and management; (h) "Public Sector Undertakings" means any Government company established in the State under the companies Act, 1956 (Central Act 1 of 1956) or a co-operative Society registered or deemed to have been registered under the Madhya Pradesh Co-operative Societies Act, 1960 (No. 17 of 1961) where the Government holds not less than fifty per cent. of the share capital, and substantial control over its management and includes public undertakings established under statute; (i) "Scheme" means the scheme framed under this Act; (j) "Undertakings" means the public sector undertakings or other undertakings; (k) "Year" means the financial year.