In this Act, unless there is anything repugnant in the subject or context,-
(1) “Board” means the Board of Industries constituted under section 3 of this Act.
1 For Statement of Objects and Reasons, see R.H.P. Extra., dated the 4th December, 1968, p. 1220.
2 The Act enforced w.e.f. 19th January, 1973, vide Not. No. 9-7/71 SI (Loans), dated the 9th January, 1973, repro. at the end of this Act.
(2) “borrower” means an individual, company or association or body of individuals, whether incorporated or not, to whom or to whichState aid has been granted under this Act;
(3) “company” means a company as defined in the Companies Act,1956;
(4) “Director” means the Director of Industries, Himachal Pradesh and includes any officer authorised by the State Government to perform all or any of the functions of the Director under this Act;
(5) “industry” means any industrial business or enterprise conducted or undertaken either by an individual or by a company, association or body of individuals, whether incorporated or not;
(6) “cottage industry” means any industry that is carried on in a place which is not a factory for the purposes of the Factories Act, 1948.
(7) “village industries” means any industry which for~ the normal occupation, whether whole-time or part-time, of any class of the rural population of the State;
(8) “machinery” includes plant, apparatus, tools and other appliances required for the purpose of carrying on any industrial operation or process;
(9) “Official Gazette”means Rajpatra, Himachal Pradesh;
(10) “prescribed” means prescribed by rules made under this Act;
(11) “State” means the 3[State of Himachal Pradesh], and
(12) “State Government” means the Government of Himachal Pradesh.
CHAPTER II ESTABLISHMENT OF BOARD OF INDUSTRIES AND MATTERS CONNECTED THEREWITH