Vidhi Codex

section 2

Definitions

The Maharashtra State Enterprises (Restructuring and other Special Provisions) Act, 2000
General200018 sections
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Statutory text
  1. (1) In this Act, unless the context otherwise requires,—
    • (a) “Assisting Agency” means any State Enterprise, Private Sector Agency or any other person or body of persons appointed by the Board as its agency to assist in an inquiry or preparation of a scheme, as may be specified by general or special order by the Board ;
    • (b) “Board” means the “Maharashtra Board for Restructuring of State Enterprises” established under section 3 of this Act;
    • (c) “Chairperson” means the Chairperson of the Board;
    • (d) “Department” means any Department of the Government of Maharashtra;
    • (e) “Government” means the Government of Maharashtra;
    • (f) “High Court” means the High Court of Bombay;
    • (g) “Management” means the Board of Directors, Governing Body, Managing Committee or the Board or Authority of any State Enterprise, responsible for the management of the affairs of the said Enterprise;
    • (h) “Member” means a member of the Board and includes the Chairperson thereof;
      • (i) “Number of Days” would be all days as per the calendar and include all holidays;
    • (j) “prescribed” means prescribed by rules made under this Act;
    • (k) “Reserve Bank” means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934; 2 of 1934.
    • (l) “Referred Enterprise” means any State Enterprise in respect of which a reference has been made by the Government to the Board and shall remain as such Referred Enterprise till completion of the sanctioned scheme to the satisfaction of the Board or until discharged by the Board;
    • (m) “Recognized Labour Union or Officers Association” means any union or association of the employees or officers of the State Enterprise which is recognized under the provisions of the relevant Acts;
    • (n) “Schedule”, means a Schedule appended to this Act;
    • (o) “Scheduled Bank” means a bank for the time being included in the Second Schedule to the Reserve Bank of India Act, 1934; 2 of 1934.
    • (p) “State” means the State of Maharashtra;
    • (q) “State Enterprise” means any entity, including any subsidiary entity or such an entity, whether or not incorporated under the Companies Act, 1956 or registered under the Societies Registration Act, 1860, the Maharashtra Co-operative Societies Act, 1960 or the Bombay Public Trusts Act, 1950 or an Enterprise formed under any State enactment or any other law for the time being in force, in which the Government holds 50 per cent. or more as paid-up equity or preference capital or has substantial financial interest and which is included in Schedule I of this Act. 1 of 1956. 21 of 1860. Mah. XXIV of 1961. Bom. XXIX of 1950.
  2. (2) Words and expressions used but not defined in this Act shall have the meaning, if any assigned to them in the Companies Act, 1956, the Industries (Development and Regulation) Act, 1951, the Maharashtra Co-operative Societies Act, 1960, the Bombay Public Trusts Act, 1950 and such other State Acts and Statutes under which the Government has incorporated various State Enterprises as listed in Schedule I of this Act. 1 of 1956. 65 of 1951. Mah. XXIV of 1961. Bom. XXIX of 1950.
  3. (3) Any reference in this Act to any other enactment or any provision thereof shall, in relation to an area in which such enactment or such provision is not in force, be construed as a reference to the corresponding law or the relevant provision of the corresponding law, if any, in force in that area.

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