194. Interpretation

In this Act unless the context otherwise requires-

“Area of Authority” means the Area of authority referred to in section 5 of the repealed Law;

“area enterprise” means an enterprise with which the BOI has entered into an agreement under section 17 of the repealed Law and which carries on business or is proposing to carry on business within the Area of Authority;

“BOI” means the Board of Investment of Sri Lanka established by the repealed Law;

“enterprise” means any sole proprietorship, partnership, company or cooperative society wherever registered or incorporated under any law for the time being in force relating to companies, corporative societies or business and engage in or proposing to engage in any business which in the opinion of the BOI would achieve or assist in the achievement of the objects of the BOI;

“licensed zones” means the licensed zones referred to in section 5 of the repealed Law;

“licensed enterprises” means the licensed enterprises referred to in section 5 of the repealed Law;

“Minister” for the purpose of Parts II and III and this

Part means the Minister assigned the subject and function relating to the Economic

Commission and Zones SL under Article 44 or 45 of the Constitution;

“zone developer” means a person who is assigned the development of an investment zone; and

“zone operator” means a person who manages a developed investment zone.