Section 2: Definitions

In this Act, unless the subject or the context otherwise requires:

(a) “Industry” means an industry referred to in section 17,

(b) “Industry registration body” means the Department, and this term includes the department or office of a Provincial Government responsible for the administration of industries,

(c) “One-stop service centre” means the one-stop service centre referred to in section 37,

(d) “Transaction” means the production and distribution by an industry of goods or services as per its objectives, and this term also includes other transactions relating to such production and distribution,

(e) “Fund” means the fund referred to in section 51,

(f) “Cottage industry” means an industry under clause (b) of sub-section (1) of section 17,

(g) “Large industry” means an industry under clause (e) of sub-section (1) of section 17,

(h) “Prescribed” or “as prescribed” means prescribed or as prescribed by the rules framed under this Act,

(i) “Export industry” means an industry, other than an energy industry, which exports more than at least forty percent of its production,

(j) “Board” means the industrial and investment promotion board formed pursuant to section 20,

(k) “Intellectual property” means intellectual properties, including patents, designs, trademarks, service marks, geographical indications and trade secrets, and this term includes matters defined as copyrights by the prevailing law,

(l) “Medium industry” means an industry under clause (d) of subsection (1) of section 17,

(m) “Ministry” means the Ministry of the Government of Nepal responsible for matters relating to industry,

(n) “ National priority industry” means an industry under section 19,

(o) “Micro-industry” means an industry under clause (a) of subsection (1) of Section 17,

(p) “Department” means the Department of Industries,

(q) “Small industry” means an industry under clause (c) of subsection (1) of section 17,

(r) “Fixed capital” means the property under section 18.