Section Text
t) (w.e.f. 18-5-2023).
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such as banking, communication, education, financing, insurance, chit funds, real estate, transport,
storage, material treatment, processing, supply of electrical or other energy, boarding, lodging,
entertainment, amusement, construction, repair, conveying of news or information and advertising;
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[(ua) “settlement” means the settlement referred to in section 48A;]
(v) “shares” means shares in the share capital of a company carrying voting rights and includes—
(i) any security which entitles the holder to receive shares with voting rights;
(ii) stock except where a distinction between stock and share is expressed or implied;
(w) “statutory authority” means any authority, board, corporation, council, institute, university or
any other body corporate, established by or under any Central, State or Provincial Act for the
purposes of regulating production or supply of goods or provision of any services or markets therefor
or any matter connected therewith or incidental thereto;
(x) “trade” means any trade, business, industry, profession or occupation relating to the
production, supply, distribution, storage or control of goods and includes the provision of any
services;
(y) “turnover” includes value of sale of goods or services;
(z) words and expressions used but not defined in this Act and defined in 2[the Companies Act,
2013 (18 of 2013)] shall have the same meanings respectively assigned to them in that Act