In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Investment Incentives Order, 2001 · As enacted · Part XIII · Investments in New Technology Companies
Investment Incentives Order, 2001 · As enacted · Part XIII · Investments in New Technology Companies
Official textFrom Attorney General's Chambers, unchanged
During its qualifying period, a technology company shall not, without the written approval of the Minister, carry on any trade or business other than its relevant trade or business.
qualifying period
"qualifying period", in relation to a technology company, means a period of 3 years from the day it commences, for the purposes of the Income Tax Act, to carry on its relevant trade or business;
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!2)
Where the carrying on of a separate trade or business has been approved under subsection !1), separate accounts shall be maintained in respect of that trade or business.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
qualifying period
"qualifying period", in relation to a technology company, means a period of 3 years from the day it commences, for the purposes of the Income Tax Act, to carry on its relevant trade or business;
relevant trade or business
"relevant trade or business", in relation to a technology company, means the trade or business to which the certificate, issued to the company under subsection (2) of section 99, relates;
technology company
"technology company" means a company approved as a technology company under subsection (2) of section 99. Application for and issue of certificate to technology company.