Definitions

In this Act, unless there is anything repugnant in the subject or context,-

1. (a) "borrower" means an individual, company or association or body of individuals whether incorporated or not, to whom or to which a loan has been advanced under this Act [and includes his heirs, successors and assigns ;]6
2. (b) "Chief Administrator" means an officer appointed as such by the State Government;
3. (c) "company" means a company as defined in the Indian Companies Act, 1913 (VII of 1913);
4. (d) "Controlling Authority" means the authority which makes a loan under the powers conferred by this Act; [(dd) "displaced person" means a person displaced from the territories now comprised in East Pakistan who is resettled in Madhya Pradesh on or after the 1st day of April, 1957 under any scheme of resettlement of displaced persons sanctioned by the Central Government or the State Government;
5. (ddd) "loan" means a loan granted or deemed to have been granted under the provisions of this Act, in cash or in kind or partly in cash and partly in kind ;]1
6. (e) "person in industry" means any person engaged or who intends to engage whether as owner or as worker and whether whole-time or part-time, in any industrial business or enterprise or undertaking conducted either by an individual or by a company, association or body of individuals whether incorporated or not;
7. (f) "perscribed" mean prescribed by rules made under this Act;
8. (g) "refugee" means a person displaced from the territories now comprised in [ .. .. .. .. .. .. .. ]2 Pakistan who is for the time being resident in [Madhya Pradesh]3 and who has been registered in accordance with section 3 of the Central Provinces and Berar Refugees Registration [and Movement ]4 Act, 1947, [ an includes a displaced person.]5