In this Act, unless the context otherwise requires,—

(a) [ "agricultural produce " includes the following:-

(i) edible and non-edible oil seeds;

(ii) cattle feed, including oil cakes and other ingredients;

(iii) produce of horticulture and animal husbandry;

(iv) produce of forestry;

(v) produce of poultry farming;

(vi) produce of pisciculture; and

(vii) produce of other allied activities, whether or not undertaken jointly with agriculture]

(b) [ "Central Warehousing Corporation " means the Central Warehousing Corporation established under sub-section (1) of section 3 of the Warehousing Corporations Act, 1962 (58 of 1962); [Substituted by Act 45 of 2002 (w.e.f. 14.8.2002) ]

(c) "co-operative society " means a society registered or deemed to be registered under the Co-operative Societies Act, 1912 (2 of 1912) or under the Multi-State Co-operative Societies Act, 1984 (51 of 1984) or under any other law with respect to co-operative societies for the time being in force in any State, which is engaged in any of the activities specified in sub-section (1) of section 9 and includes a Co-operative Land Development Bank, by whatever name called]

(d) "Corporation " means the National Co-operative Development Corporation established under [sub-section (1) of section 3] [Substituted by Act 3 of 1974, Section 3, for "section 3" (w.e.f. 1-4-1974)];

(da) [ "foodstuffs ", include— [Inserted by Act 3 of 1974, Section 3 (w.e.f. 7-4-1975)]

(i) coconuts and areca-nuts;

(ii) eggs and egg products;

(iii) fish, whether fresh, frozen, dried or preserved;

(iv) fruits, whether fresh, dried or dehydrated;

(v) honey;

(vi) meat, whether fresh, frozen, dried or preserved;

(vii) milk and milk products;

(viii) vegetables;]

(db) [ "General Council " means the General Council of the Corporation constituted under sub-section (4) of section 3;] [Inserted by Act 3 of 1974, Section 3, (w.e.f. 1-4-1979)]

(dba) [ "industrial goods " means the products of industrial co-operatives or cottage and village industries or products of allied industries in the rural area and includes any handicrafts or rural crafts;

(dbb) "livestock " includes all animals to be raised for milk, meat, fleece, skin, wool and other by-products]

(dc) [ "Managing director " means the managing director of the Corporation; [Substituted by Act 3 of 1974, Section 3, for "section 3" (w.e.f. 1-4-1974)]

(dd) [ "nationalised bank " means a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980)] [Substituted by Act 45 of 2002 (w.e.f. 14.8.2002) ]

(e) "notified commodity " means any commodity (other than agricultural produce [and foodstuffs] [Inserted by Act 3 of 1974, Section 3 (w.e.f. 1-4-1974)]) which the Central Government may, by notification in the Official Gazette, declare to be a notified commodity for the purposes of this Act, being a commodity with respect to which Parliament has power to make laws by virtue of entry 33 in List III in the Seventh Schedule to the Constitution;

(ea) [ "notified services " means any service which the Central Government may, by notification in the Official Gazette, declare to be notified services for the purposes of this Act] [Inserted by Act 45 of 2002(w.e.f. 14.8.2002) ]

(f) "prescribed " means prescribed by rules made under this Act;

(g) "Reserve Bank " means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934 (2 of 1934);

(ga) [ "scheduled bank " means a bank for the time being included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934.);] [Inserted by Act 3 of 1974, Section 3 (w.e.f. 1-4-1974)]

(h) [ "State Bank " means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955) or any of the subsidiary banks of the State Bank of India;

(ha) "State Co-operative Bank " has the same meaning as in the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981)]

(i) "year " means the financial year.