Section - 1 - Power to Conduct Lotto

    In this Act unless the context otherwise requires,

    "Bank" means the National Investment Bank established by section 1 of this Act;

    "Board" means the Board of directors of the Bank established under section 11 of this Act;

    "financial year" means the period of twelve months ending on the thirty-first day of December of each year;

    "Managing Director" means the Managing Director appointed under section 16 of this Act or as the case may be the Deputy Managing Director appointed under the said section; [As Substituted by the National Investment Bank Act, 1963 (Amendment) Decree, 1975 (NRCD 316) s. 8].

    "Minister" means the Secretary responsible for Finance and Economic Planning; [Modified by the National Investment Bank (Amendment) Law, 1985 (PNDCL 106) s. 2].

    "property" means movable or immovable property;

    "public sector" includes State-owned enterprises and joint State and foreign private enterprises