THE TRADE ORGANISATIONS ORDINANCE, 1961

(ORDINANCE NO. XLV OF 1961).
  [2nd December, 1961]
 
 
     
   
 
 
  Definitions  
2. In this Ordinance, unless there is anything repugnant in the subject or context,-



(1) “Act” means the Companies Act, 1913;



(2) “Administrator” means an Administrator appointed under section 10 and includes an officer empowered by the Government to perform the functions of the Administrator under this Ordinance;



1[ * * *]

(3) “articles” means the articles of association of a trade organisation;



(4) “Director” means the Director of Trade Organisations appointed by the Government and includes an officer empowered by the Government to perform the functions of the Director under this Ordinance;



(5) “Executive Committee” means the Board of Directors, the Executive Committee, the managing committee or other body, by whatever name called, of a registered trade organisation responsible for the management or conduct of the affairs of such trade organisation;



(6) “licence” means a licence granted or deemed to be granted under sub-section (1) of section 3;



(7) “member of the Executive Committee” includes a Director where the Executive Committee is a Board of Directors, and the Chairman, Vice-Chairman, President and Vice-President of the Executive Committee;



(8) “memorandum” means the memorandum of association of a trade organisation;



(9) “register” means the register of companies required to be kept under the Act;



(10) “registered trade organisation” means a trade organisation registered under the Act as a company in pursuance of a licence;



(11) “registrar” means the registrar as defined in clause (15) of sub-section (1) of section 2 of the Act; and



(12) “trade organisation” means an association which,-



(a) is capable of being formed as a limited company within the meaning of the Act;



(b) is formed or intended to be formed with the object of promoting any trade, commerce or industry or any group or class thereof, or for representing for any purpose, in any manner and to any extent, any trade, commerce or industry or any group or class thereof; and

(c) prohibits payment of any dividend to its members and applies or intends to apply its profits or other income for achieving its objects.
 
 
 
1 Clause (2a) was omitted by section 3 of the Trade Organisations (Amendment) Ordinance, 1984 (Ordinance No. XV of 1984), which was inserted by Article 2 and the Schedule of the Central Adaptation of Laws Order, 1964 (President’s Order No. 1 of 1964)

 
 

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Ministry of Law, Justice and Parliamentary Affairs