Section 2
Definitions
Unless the subject or the context otherwise requires, in this Act,-
(a) “chairperson” means the chairperson of the Board;
(b) “enterprise” means any firm, company or corporate body who is engaged in the production or distribution of any goods or services, and this
expression also includes any subsidiary or affiliate firm, company or body controlled directly or indirectly by such firm, company or body;
(c) “Board” means the competition promotion and market promotion board as referred to in Section 12;
(d) “tender” means a bid or offer submitted or made by any person or enterprise in a sealed envelope in such form as prescribed by any body or
entity in response to a notice published by such body or entity for the procurement of any goods, construction work or repair or maintenance of
construction work or services, and this expression also includes unit price schedule and document pertaining thereto or a quotation with price rate;
(e) “advertisement” means any information made publicly for market promotion or publicity of any goods or services;
(f) “member” means a member of the Board, and this expression also includes the chairperson and member secretary of the Board;
(g) “agreement” means any contract, agreement, arrangement or understanding entered into between two or more than two persons or enterprises to do or not to do any thing, which has been entered into verbally or in writing or by conduct and which is enforceable or unenforceable under the laws in force, and this expression also includes any decision or recommendation made between such persons or enterprises;
(h) “Court” means the commercial bench of such a court as designated by  the Government of Nepal, in consultation with the Supreme Court, by a
notification in the Nepal Gazette;
(i) “market protection officer” means the market protection officer referred to in Section 22;
(j) “sale price” means a value, any kind of rent, insurance, fee, interest rate, exchange rate, premium or any other amount of a similar kind received in
consideration for the production or distribution of any goods or services; and
(k) “prescribed” or “as prescribed” means prescribed or as prescribed by the Rules framed under this Act.