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Section 2 – The Shipping Development Fund Committee (Abolition) Act,1986

The Shipping Development Fund Committee (Abolition) Act,1986

Section 2. Definitions

In this Act, unless the context otherwise requires,-

(a) “Act” means the Merchant Shipping Act,1958(44 of 1958);

(b) “Appointed day” means the date of commencement of this Act;

(c) “Committee” means the Shipping Development Fund Committee constituted under section 15 of the Act;

(d) “Designated person” means the person appointed as such under section 16 of this Act;

(e) “Fund” means the Shipping Development Fund Formed under section 14 of the Act;

(f) “Notified order” means an order notified in the Official Gazette;

(g) “Shipowner” means a person of the description mentioned in section 21 of the Act or who had obtained loans or financial assistance in any other form from the Committee;

(h) “Shipping concern” means any concern engaged in the business of shipping, owned, controlled or managed by a shipowner.

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The Shipping Development Fund Committee (Abolition) Act,1986

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