In this Act unless the context otherwise requires:
(1) Government Company has the meaning assigned to it in Section 617 of the Companies Act, 1956.
(2) Industry means any business, trade, undertakings, manufacture or calling of employers and includes any calling, service, employment, handicraft or industrial occupation or avocation of workmen, and the word industrial shall be construed accordingly.
(3) Notification means a notification published in the Official Gazette;
(4) Relief undertaking means a State industrial undertaking in respect of which a declaration under Section 3 is in force;
(5) State industrial undertaking means a industrial undertaking:
(a) which is started or which or the management of which is under any law or agreement acquired or otherwise taken over by the State Government or by a Government Company and is run or proposed to be run by or under the authority of the State Government or a Government Company; or
(b) to which any loan, advance or grant has been given or in respect of any loans whereof a guarantee has been given by the State Government or a Government Company.