Definitions

In this Act, unless the context otherwise requires (1) "Certificate-debtor" means the person named as debtor in the certificate filed under this Act and includes any persons whose name is substituted or added as debtor by the Certificate-officer; (2) "Certificate-holder" means the Government or person in whose favour a certificate has been filed under this Act; and includes any persons whose name is substituted or added as creditor by the Certificate-officer; (3) "Certificate-officer" means a Deputy Commissioner, a Sub-Divisional Officer and any officer appointed by a Deputy Commissioner with the sanction of the Revenue Commissioner appointed under the Manipur Land Revenue and Land Reforms Act, 1960 to perform the functions of a Certificate Officer under this Act; (4) "Deputy Commissioner" means the Chief Officer in charge of the revenue administration of a district and includes an Additional District Magistrate appointed under sub-section (2) of section 20 of the, Code of Criminal Procedure, 1973; (5) "Movable-Property" includes standing crops; (6) "prescribed" means prescribed by Rules made under this Act; (7) "Public Demand" means any arrear or money mentioned or referred to in the schedule and includes any interest which may, by law, be chargeable thereon up to the date on which a certificate is signed under this Act; (8) "Rules" means rules and forms made under section 56. (9) "Bank" means and includes (i) a 'bank' included in the Second Schedule to the Reserve Bank of India Act, 1934; (ii) the 'State Bank of India' constituted under the State Bank of India Act, 1955; (iii) a 'subsidiary bank' as defined in the State Bank of India (Subsidiary banks) Act, 1959; (iv) a 'corresponding new Bank' as defined in section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980); (v) a 'co-operative bank' as defined in section 5 (cci) of the Banking Regulation Act, 1949; (vi) a Regional Rural Bank constituted under the Regional Rural Banks Act, 1976 (21 of 1976). (10) "Financial institution" means (i) a company or a body corporate incorporated under the Companies Act, 1956 and whose main business is to finance trade, commerce or industrial enterprise; (ii) "a financial corporation" as defined in State Financial Corporation Act, 1951; (iii) a society registered under the Societies Registration Act, 1860 which is engaged in financing activities or has been constituted by any law for the time being in force and which is either owned by, or in which the majority shares are held by the State Government. (11) "Financial assistance" means any kind of financial assistance (i) for establishing, expanding, modernising, renovating or running any industrial undertaking; or (ii) for the purposes of vocational training; or (iii) for the development of agriculture, horticulture, animal husbandry or agro-industry; or (iv) for purposes of any other kind of planned development; or (v) for relief against distress caused by fire or serious drought, flood or other natural calamities; or (vi) for the purpose of carrying out any State sponsored scheme; or (vii) for any other prescribed purpose. (12) "Scheme" means a scheme sponsored by way of financial assistance by the State Government or the Central Government or the State Government and the Central Government together under which the State Government either (i) advances money to a Government company for the purposes of disbursing loans, advances or grants or for the purposes of sale of goods on credit or hire-purchase; or (ii) guarantees or agrees to guarantee the repayment of a loan, advance or grant or the payment of the price of goods sold on credit or on hire-purchase. (13) "State Government" means the State Government of Manipur.