(1) This Act may be called the Jayanti Shipping Company ( Acquisition of shares at 1971).
(ii) It shall be deemed to have come into force on the 17th day of October 1971.
Section 2 - Definitions
In this Act unless the context otherwise requires --
(a) "appointed day " means the date of commencement of this Act ;
(b) "Company" means the Jayanti Shipping Company Ltd being a company as defined in the companies Act 1956 (1 of 1956) having its registered office at Bombay.
(c) "Shareholder" means a person who immediately before the appointed day was registered as a shareholder in the capital of the company
(d) "Shipping Corporation of India" means the shipping corporation of India Ltd being a Government company as defined in a companies Act 1956 (1 of 1956) having its registered office at Bombay.
(e) Words and Expressions used bur not defined in this Act and defined in the Companies Act, 1956 (1 of 1956) shall have the meanings respectively assigned to them in the Act