Definitions
2. In this Ordinance, unless there is anything repugnant in the subject or context,-
(a) “specified purpose” means the promotion or the carrying on of any scheme or business (except the business authorised and carried on under the provisions of the
Insurance Act, 1938) howsoever described or called, whereby, in consideration for a deposit or contribution, whether periodically or otherwise, of a sum of money in cash or by means of coupons, certificates, tickets or other documents, a payment of money or grant of property, right or benefit, directly or indirectly, and whether with or without any other right or benefit, to be determined by chance or lottery or any other like manner of the nature of a wager, is assured or promised to be made at a future date;
(b) “undesirable company” means a company which [* * *] is registered under the Companies Act, 1994 (Act No. 18 of 1994), and carries on business for a specified purpose or for purposes which include or are calculated to include a specified purpose; and
(c) all other words and expressions have the same meanings as assigned to them under the Companies Act, 1994 (Act No. 18 of 1994).