Section 2. Definitions

(iii) a person who claims under a proper instrument of transfer of any share in the form prescribed under section 108 of the Companies Act, 1956 (1 of 1956), and delivers such instrument to the Commissioner, duly executed, on or before such date as the Central Government may, by notification, specify in this behalf; (b) "bank" means a banking company within the meaning of the Banking Regulation Act, 1949 (10 of 1949); (a) "appointed day" means the 11th day of June, 1981; (g) "shareholder" means,-- (viii) any general insurance company nationalised by the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972); (ii) a person who, before the appointed day, had lodged with the Company a proper instrument of transfer of any share in the form prescribed under section 108 of the Companies Act, 1956 (1 of 1956), and executed in accordance with the provisions of that section; or (f) "share" means a share, whether ordinary or preference, in the capital of the Company, and includes a share pledged by any shareholder with any bank or other creditor, but does not include any share in the capital of the Company held by-- (vi) any corresponding new bank, within the meaning of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970); (vii) any corresponding new bank, within the meaning of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1980 (40 of 1980); (c) "Commissioner" means the Commissioner of Payments appointed under section 6; (h) "specified date" means such date as the Central Government may, for the purpose of any provision of this Act, by notification, specify and different dates may be specified for different provisions of this Act; (i) words and expressions used herein and not defined but defined in the Companies Act,1956 (1 of 1956), have the meanings respectively assigned to them in that Act. (iv) the Life Insurance Corporation of India, established under section 3 of the Life Insurance Corporation Act, 1956 (31 of 1956); (v) the Unit Trust of India, established under section 3 of the Unit Trust of India Act, 1963 (52 of 1963); (e) "notification" means a notification published in the Official Gazette; (d) "Company" means British India Corporation Limited,being a company within the meaning of the Companies Act, 1956 (1 of 1956), and having its registered office at Sutherland House, Kanpur, in the State of Uttar Pradesh; 2. Definitions. In this Act, unless the context otherwise requires,-- (i) a person who, immediately before the appointed day, was registered by the Company as the holder of any share and includes his legal representative; or