section 2
Definitions
The Goa Public Money (Recovery of Dues) Act, 1986General19868 sections
Statutory text
- (a) “Agriculture” includes horticulture, raising of crops, grass or garden produce, animal husbandry, dairy farming, poultry farming and breeding of livestock;
- (iii) a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959;
- (iv) corresponding constituted, (Acquisition and Transfer of undertakings) Act, 1970;
- (v) any banking Institution notified by the Central Government under section 51 of the Banking Regulations Act, 1949;
- (vi) any other financial institution notified by State Government notification in the Official Gazette as a bank for the purposes of this Act. ^4[(bb) ‘Collector’ means the Collector of a district and includes any other officer appointed by the State Government to exercise and perform all or any of the powers and functions of a Collector under this Act;].
- (c) “Corporation” means the Financial Corporation established or functioning in this ^5[ State ] and includes any other Corporation owned or controlled by the Central or the State Government specified by the State Government by a notification in the Official Gazette.
- (i) for establishing, expanding, modernising, renovating or running any industrial undertaking; or
- (iv) for the purpose of any kind of planned development recognised by the State Government; or
- (v) for relief against distress caused by fire, natural calamities; or
- (e) Company” section 617 of the Companies Act, 1956. “Industrial concern” shall the meaning expression in the State Financial Corporation Act, 1951. the manufacture, distribution of “Industrial undertaking” includes any undertaking for preservation, storage processing of goods or the generation electricity or any other form of energy, or for the development of any contiguous area of land as an industrial estate. Explanation: The expression “processing of goods” includes any act or process for producing, repairing or making an article by subjecting any material to a manual, chemical, electrical or any other like operation;
- (ii) “Government sponsored scheme” means a scheme sponsored or adopted by the State Government or an Officer authorised by it in this behalf for development of agriculture or industry and notified as such by the Government or the authorised officer, by a notification in the Official Gazette for the purpose of this Act.
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