Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (50) - DEFN. OF THE TERM VARIATION

(50) "variation" shall include abrogation; and "vary" shall include abrogate

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec.  2(49A) - Defn. of the term TRIBUNAL

33</sup>[(49A) "Tribunal" means the National" Company Law Tribunal constituted under sub-section (1) of section 10FB;] 

33. Clause (49A) omitted by Act 17 of 1967, sec. 4 and Sch. (w.e.f. 1-7-1967) and again ins. by Act 11 of 2003, sec. 2 (w.e.f. 1-4-2003).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (49) - Defn. of the term TRADING CORPORATION

(49) "trading corporation" means a trading corporation within the meaning of entries 43 and 44 in List I in the 
Seventh Schedule to the Constitution;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (48) -  defn. of the term TOTAL VOTING POWER

(48) "total voting power", in regard to any matter relating to a body corporate, means the total number of votes which may be cast in regard to that matter on a poll at a meeting of such body, if all the members thereof and all other persons, if any, having a right to vote on that matter are present at the meeting, and cast their votes;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (47) - SUBSIDIARY COMPANY

(47) "subsidiary company" or "subsidiary" means a subsidiary company within the meaning of section 4;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (46AB) - Defn. of the term State Level Institution

(46AB) "State level institution" means any of the following institutions, namely:-

(a) the State Financial Corporations established under section 3 or section 3A and institutions notified under section 46 of the State Financial Corporations Act, 1951 (63 of 1951);

(b) the State industrial Development Corporations registered under this Act;]

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

^{Sec. 2 (46AA) - Defn. of the term SICK INDUSTRIAL COMPANY}

³²[(46AA) "sick industrial company" means an industrial company which has-

(i) the accumulated losses in any financial year equal to fifty per cent, or more of its average net worth during four years immediately preceding such financial year; or

(ii) failed to repay its debts within any three consecutive quarters on demand made in writing for its repayment by a creditor or creditors of such company; 

32. Ins, by Act 11 of 2003, sec. 2 (w.e.f. 1-4-2003).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec. 2 (46A) - Defn. of the term SHARE WITH DIFFERENTIAL RIGHTS 

30</sup>[(46A) "share with differential rights" means a share that is issued with differential rights in accordance with the provisions of section 86;] 

30. Ins. by Act 53 of 2000, sec. 2 (w.e.f. 13-12-2000).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (46) - Defn. of the term Share


(46) "share" means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec. 2 (45B) - Defn. of the term SECURITIES AND EXCHANGE BOARD OF INDIA

31</sup>[45B) "Securities and Exchange Board of India" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);] 

 31. Ins. by Act 22 of 1996, sec. 30 and Sch. (w.r.e.f. 20-9-1995).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec. 2 (45AA) - Defn. of the term SECURITIES


 
30</sup>[(45AA)] "securities" means securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and includes hybrids;] 

30. Ins. by Act 53 of 2000, sec. 2 (w.e.f. 13-12-2000).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec. 2 (45A) - Defn. of the term  SECRETARY IN WHOLE-TIME PRATICE


29</sup>[(45A) "secretary in whole-time practice" means a secretary who shall be deemed to be in practice within the meaning of sub-section (2) of section 2 of the Company Secretaries Act, 1980 (56 of 1980) and who is not in full time employment;] 


29. Ins. by Act 31 of 1988, sec. 2 (w.e.f. 15-6-1988).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

<sup>Sec. 2 (45) - Defn. of the term Secretary

28</sup>[(45) "secretary" means a Company Secretary within the meaning of clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980 (56 of 1980) and includes any other individual possessing the prescribed qualifications and appointed to perform the duties which may be performed by a secretary under this Act and any other ministerial or administrative duties;] 

28. Clause (45) subs, by Act 65 of I960, sec. 2 (w.e.f. 28-12-1960) and again subs, by Act 31 of 1988, sec. 2 (w.e.f. 15-6-1988).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec 2 (43) - Defn. of the term Schedule bank

(43) "Scheduled Bank" has the same meaning as in the Reserve Bank of India Act, 1934 (2 of 1934);

²⁷[***]

27. Clause (44) omitted by Act 53 of 2000, sec. 2 (w.e.f. 13-12-2000).

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (42) - Definition of the term Schedule

(42) "Schedule" means a Schedule annexed to this Act;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (41) - Defn .of the term Relative


(41) "relative" means, with reference to any person, any one who is related to such person in any of the ways specified in section 6, and no others;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (40) - Defn. of the term Registrar


(40) "Registrar" means a Registrar, or an Additional, a Joint, a Deputy or an Assistant Registrar, having the duty of registering companies under this Act;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (39) - Defn. of the term Recognised Stock Exchange


(39) "recognised stock exchange" means, in relation to any provision of this Act in which it occurs a stock exchange whether in or outside India, which is notified by the Central Government in the Official Gazette as a recognised stock exchange for the purposes of that provision;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Section 2 (38) - Defn. of the term Public Holiday

(38) "public holiday" means a public holiday within the meaning of the Negotiable Instruments Act, 1881 (26 of 1881):

Provided that no day declared by the Central Government to be a public holiday shall be deemed to be such a holiday, in relation to any meeting, unless the declaration was notified before the issue of the notice convening such meeting;

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (37) - Defn. of Pub. Company

(37) "public company" means a public company as defined in section 3