In this Act, unless the context otherwise requires,—
(a)“appointed day” means such date as the Central Government may, by notification in the Official Gazette, appoint under section 3;
(b)“company” means “Indian Airlines Limited” or “Air India Limited” formed and registered under the Companies Act, 1956 ( 1 of 1956);
(c)“corporations” means "Indian Airlines" and “Air India” established under section 3 of the Air Corporations Act, 1953 (27 of 1953), and “corporation” means either of the corporations.