Definitions

In this Act, unless the context otherwise requires,—

1. (a) “appointed day” means date of notification of this Act in the Kolkata Gazette;
2. (b) “Authorised Agents” shall mean and include parastatals, undertakings, instrumentalities or any other agency or agent of the State Government, as mentioned in any Schemes or Grants or Obligations;
3. (c) “Grants” shall mean and include but are not limited to, all arrangements, assignments, contracts, agreements, promises and undertakings, by whatever name called and includes any Incentive under any contract or agreement or law of the State Legislature;
4. (d) “Incentive” shall mean and include but is not limited to State finincial support given to industrial units under the West Bengal Incentive Schemes and shall include all kinds of financial incentives, benefits, State support, subsidies, waiver of interest, duties, refund or exemption or reimbursement of taxes, tax incentives, exemptions, special packages or any other form of industrial promotional assistance or any Incentive or promise or assurance under any contract or agreement or law of the State Legislature;
5. (e) “Obligations” shall mean and include but are not limited to those of the State Government or its Authorised Agents, arising from or in relation to all communications, correspondence, commitments, contracts, agreements or promises, by whatever name called;
6. (f) “Schedule” is the list of all the West Bengal Incentive Schemes notified and sanctioned by the State Government;
7. (g) “Schemes” or “West Bengal Incentive Schemes” means Schemes mentioned in the Schedule of this Act;
8. (h) “State Government” or “State” means the State of West Bengal.