Repealed1984 Revised EditionCurrent version · 1984 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Investment Incentives Act · 1984 Revised Edition · Part IV
Investment Incentives Act · 1984 Revised Edition · Part IV
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (2), section 31 shall apply to any additional interest payable on an approved foreign loan by reason of any arrangement whereby the period within which such loan must be repaid in full has been extended:
Provided that the rate of interest payable in respect of any such extended period shall not, without the prior sanction of the
Board, be higher than the rate of interest specified in the certificate relating to the approved foreign loan.
Any company making any such arrangement shall give notice thereof in writing to the Board within 30 days from the date on which such arrangement has been made.