section 2
Definitions
The Gujarat Closed Textile Undertakings (Nationalisation) Act, 1986Corporate198617 sections
Statutory text
Definitions.— In this Act, unless the context otherwise requires,—
- (a) "appointed day" means the 2nd day of November, 1985;
- (b) "Commissioner" means the Commissioner of Payments appointed under section 15;
- (c) "Custodian" means the Custodian appointed under section 4;
- (d) "notification" means a notification published in the Official Gazette;
- (e) "owner", in relation to a textile undertaking, means any person or body of persons who, or which, is the immediate proprietor, or lessee, or occupier of the textile undertaking or any part thereof and, in the case of a textile undertaking which is being wound up or the business whereof is being carried on by a liquidator or receiver, includes such liquidator or receiver;
- (f) "prescribed" means prescribed by rules made under this Act;
- (g) "specified textile undertaking" means a textile undertaking specified in the First Schedule;
- (h) "textile" includes yarn or any kind of fabric or cloth, or any other article made wholly or in part of cotton, wool, silk, artificial silk or other fibre;
- (i) "textile company" means a company specified in the Second Schedule being a company which owns one or more specified textile undertakings;
- (j) "textile undertaking" means an undertaking engaged in the manufacture of textiles and includes all factories, plants, machineries, equipments and other accessories thereof;
- (k) words and expressions used but not defined in this Act and defined in the Companies Act, 1956 (1 of 1956), shall have the meanings respectively assigned to them in that Act.
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