National Development Corporation Act, 1986
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Interpretation. |
2.—(1) In this Act, except where the context otherwise requires— | |
“the Agency” means the National Enterprise Agency Limited; | ||
“the Companies Acts” means the Companies Act, 1963 , and the enactments extending or amending that Act; | ||
“the Corporation” means the National Development Corporation Limited; | ||
“enterprise” means an industrial undertaking including an undertaking ancillary to industry or a commercial undertaking (other than an undertaking whose functions relate wholly or mainly to the provision of banking, insurance, legal, management consultancy, advertising, public relations or financial services); | ||
“functions” includes powers and duties; | ||
“holding company” has the meaning assigned to it by section 155 of the Companies Act, 1963 ; | ||
“marketing” includes the selling and promotion of any goods or services; | ||
“the Minister” means the Minister for Industry and Commerce; | ||
“securities” means shares in the share capital of any body corporate, or stock of any body corporate or debentures, debenture stock or bonds of any body corporate, whether constituting a charge on the assets of the body or not, or rights or interests (described whether as units or otherwise) in any such shares, stock, debentures, debenture stock or bonds; | ||
“State-sponsored body” has the meaning assigned to it by section 3 ; | ||
“State-sponsored commercial enterprise” has the meaning assigned to it by section 3 ; | ||
“subsidiary” has the meaning assigned to it by section 155 of the Companies Act, 1963 ; | ||
“vesting day” means the day appointed by section 7 to be the vesting day for the purposes of this Act. | ||
(2) A reference in this Act to a section is to a section of this Act, unless it is indicated that a reference to some other enactment is intended. | ||
(3) A reference in this Act to a subsection is a reference to the subsection in which the reference occurs unless it is indicated that a reference to some other provision is intended. | ||
(4) A reference in this Act to any enactment shall be construed as a reference to that enactment as amended or adapted by or under any subsequent enactment. |