61. Extension of jurisdiction

Terms defined in s 3

• corporation

  corporation

  Defined · s 3

  “corporation” has the same meaning as in the *Companies Act 1965;

  Open s 3
• development

  development

  Defined · s 3

  “development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;

  Open s 3
• director

  director

  Defined · s 3

  “director” includes any person who occupies the position of a director, and includes a person in accordance with whose directions and instructions the directors or officers are accustomed to act and an Development Financial Institutions 19 alternate or substitute director, and without prejudice to the foregoing, in the case of— (a) a co-operative society, means a member of the board, or other governing body, of the co-operative society; (b) a statutory body, means a member of the board, committee, council or other governing body of the statutory body; (c) a partnership, means a partner; (d) a sole proprietorship, means the sole proprietor; and (e) any other body, association or group of persons, whether corporate or unincorporate, means a person having the direction and control of the management of its business or affairs;

  Open s 3
• person

  person

  Defined · s 3

  “person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;

  Open s 3
• prescribed institution

  prescribed institution

  Defined · s 3

  “prescribed institution” means a development financial institution which is prescribed by the Minister under subsection 2(1);

  Open s 3
• related

  related

  Defined · s 3

  “related”, in relation to a corporation, means related within the meaning of section 6 of the **Companies Act 1965;

  Open s 3