In force · As amended up to 2026-08
(c) "Nationalised Bank" means a corresponding new bank as defined in the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970);
(f) "old company" means the Richardson and Cruddas Limited, a company formed and registered
under the Indian Companies Act, 1913 (7 of 1913) and having its registered office in the State of
West Bengal;
(h) "scheduled bank" has the meaning assigned to it in the Reserve Bank of India
Act, 1934 (2 of 1934), and includes a Nationalised Bank;
(a) "appointed day" means such date[1]
as the Central Government may, by notification, appoint;
(i) "share" means a share in the capital of the old company;
(g) "prescribed" means prescribed by rules made under this Act;
(e) "notification" means a notification published in the Official Gazette;
(j) "Tribunal" means the Tribunal constituted under section 13.
(2) Words and expressions used herein and not defined but defined in the Companies
Act, 1956 (1 of 1956), have, save as otherwise expressly provided in this Act, the meanings respectively
assigned to them in that Act.
[Footnotes]
1. 31st March, 1973, vide notification No. G.S.R. 165(E), dated 12th March, 1973, see Gazette of India, Extraordinary, Part II,
sec. 3(i).
(b) "Custodian" means the person who is appointed, under section 10, as the Custodian of the old
company;
(d) "new company" means the Government company, formed and registered under the
Companies Act, 1956 (1 of 1956), in pursuance of the provisions of section 9;
2. Definitions.
(1) In this Act, unless the context otherwise requires,--
Source: India Code