Investment Incentives Order, 2001 · As enacted · Part VI
Section 36
Official textFrom Attorney General's Chambers, unchanged
Where a company engaged in any qualifying activity as defined in section 17 intends to substantially increase the volume of that activity, it may make an application in writing to the Minister to be approved as an expanding service company.
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
Where the Minister is satisfied that it is expedient in the public interest to do so, he may approve that company as an expanding service company and issue a certificate to the company, subject to such terms and conditions as he thinks fit.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
Every certificate issued under this section shall specify a date (not earlier than 1st. January, 2001) on or before which the expansion of the qualifying activity shall commence and that date shall be deemed to be the expansion day for the purpose of this Part.
qualifying activity
"qualifying activity" means any of the following- {a} any engineering or technical services including laboratory, consultancy and research and development activities; {b) computer-based information and other computer related services; {c) the development or production of any industrial design; {d) services and activities which relate to the provision of leisure and recreation; {e) publishing services; {fJ services which relate to the provision of education; {g) medical services; {h) services and activities which relate to agricultural technology; {i} services and activities which relate to the provision of warehousing facilities; {j} services which relate to the organisation or management of exhibitions and conferences; {k} financial services; {l} business consultancy, management and professional services; {m} venture capital fund activity; {n} operation or management of any mass rapid transit system; {o} services provided by an auction house; {p} maintaining and operating a private museum; and {q} such other services or activities as the Minister may prescribe. Application for and issue and amendment of certificate for pioneer service company.
Tax relief period of expanding service company.
Terms defined in this Act
company
Defined · s 3"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
expansion day
Defined · s 3"expansion day", in relation to an expanding enterprise, means the date specified in its expansion certificate under subsection (4) or !5) of section 31;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
qualifying activity
Defined · s 17"qualifying activity" means any of the following- {a} any engineering or technical services including laboratory, consultancy and research and development activities; {b) computer-based information and other computer related services; {c) the development or production of any industrial design; {d) services and activities which relate to the provision of leisure and recreation; {e) publishing services; {fJ services which relate to the provision of education; {g) medical services; {h) services and activities which relate to agricultural technology; {i} services and activities which relate to the provision of warehousing facilities; {j} services which relate to the organisation or management of exhibitions and conferences; {k} financial services; {l} business consultancy, management and professional services; {m} venture capital fund activity; {n} operation or management of any mass rapid transit system; {o} services provided by an auction house; {p} maintaining and operating a private museum; and {q} such other services or activities as the Minister may prescribe. Application for and issue and amendment of certificate for pioneer service company.
Part VII
Part VIII
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII