In this Act, unless the context otherwise requires,—
(1) ‘Board’ means the State Aid to Industries Board constituted under section 3;
(2) ‘company’ means a company as defined in section 3 of the Companies Act, 1956 (Central Act I of 1956) and includes a foreign company within the meaning of section 591 of that Act;
(3) ‘Director’ means the Director of Industries and Commerce and includes any person appointed by the Government either by name or by virtue of his office to perform all or any of the functions of the Director of Industries and Commerce under this Act;
(4) ‘industry’ means any industrial business or enterprise conducted in the State by any individual, institution, company, association or body of individuals whether incorporated or not and includes a cottage industry, a small scale industry, and a village industry; but shall not include an industry organised on co-operative basis which is eligible for financial assistance from the Central or State Government or a Co-operative Bank under any specific development programme;
(5) ‘cottage industry’ means an industrial business or enterprise carried on in any premises to which the Factories Act, 1948 (Central Act 63 of 1948), does not apply, and includes dairy farming, bee-keeping and keeping a poultry farm;
* Received the assent of the Governor on the 29th day of October, 1963 and published in the Kerala Gazette Extraordinary No.118 Dated 4th November, 1963.
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(6) ‘small scale industry’ means an industrial business or enterprise the capital invested in which does not exceed five lakhs of rupees;
(7) ‘village industry’ means any industry which forms 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) ‘owner’ means the person who owns any industrial undertaking and includes the successor-in-interest of such person in respect of such undertaking;
(10) ‘prescribed’ means prescribed by rules made under this Act;
(11) ‘State’ means the State of Kerala;
(12) ‘State aid’ means any aid given by or on behalf of the Government under the provisions of this Act and the rules, if any, made thereunder.
CHAPTER II The State aid to Industries Board