Section 2: Definitions. In this Ordinance, unless there is anything repugnant in the subject or

Plain-Language Summary

A general explanation to aid understanding. The official statutory text appears below.

This section defines the following terms used in The Small and Medium Exterprises Development Authority Ordinance, 2002: • Authority — the Small and Medium Enterprises Development Authority established under section 3 • Board — the Board of the Authority constituted under section 5 • Chairman — the Chairman of the board • Chief Executive Officer — the Chief Executive Officer of the Authority • Committee — a committee constituted by the Board • employee — any officer or servant of the Authority • Executive Secretary — the Executive Secretary of the Board: • Fund — the fund established under section 22 • Member — a member of the Board including the Chairman • Person — any natural person or Legal entity, including an individual, association of persons, partnership, company, corporation, statutory body, trust, society, or any other legal entity • prescribed — prescribed by the rules made under this Ordinance • private sector — any field of activity not in the public sector or of any statutory body or anybody which is owned or controlled, wholly or partially, by the Federal Government or a Provincial Government except a university or an educational or research institute • regulations — the regulations made under this Ordinance • rules — the rules made under this Ordinance; and • S.M.E.s — all entities declared or defined by the Federal Government to be small or medium enterprises for the purposes this Ordinance. CHAPTER II THE AUTHORITY This is the official statutory text, shown as written — it is not a paraphrase or a legal opinion. Consult a verified lawyer to see how it applies to your specific situation.

2. Definitions. In this Ordinance, unless there is anything repugnant in the subject or context,— (a) “Authority” means the Small and Medium Enterprises Development Authority established under section 3; (b) “Board” means the Board of the Authority constituted under section 5; (c) “Chairman” means the Chairman of the board; (d) “Chief Executive Officer” means the Chief Executive Officer of the Authority (e) “Committee” means a committee constituted by the Board; (f) “employee” means any officer or servant of the Authority; (g) “Executive Secretary” means the Executive Secretary of the Board: (h) “Federal Government” for purposes of this Ordinance means the Ministry of Industries and Production; (i) “Fund” means the fund established under section 22; (j) “Member” means a member of the Board including the Chairman; (k) “Person” means any natural person or Legal entity, including an individual, association of persons, partnership, company, corporation, statutory body, trust, society, or any other legal entity; (l) “prescribed” means prescribed by the rules made under this Ordinance; (m) “private sector” means any field of activity not in the public sector or of any statutory body or anybody which is owned or controlled, wholly or partially, by the Federal Government or a Provincial Government except a university or an educational or research institute; (n) “regulations” means the regulations made under this Ordinance; (o) “rules” means the rules made under this Ordinance; and (p) “S.M.E.s” means all entities declared or defined by the Federal Government to be small or medium enterprises for the purposes this Ordinance. CHAPTER II THE AUTHORITY

Effective date: 2002-01-01

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