In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Investment Incentives Order, 2001 · As enacted · Part X · Foreign Loans for Productive Equipment
Investment Incentives Order, 2001 · As enacted · Part X · Foreign Loans for Productive Equipment
Official textFrom Attorney General's Chambers, unchanged
Any productive equipment purchased and financed from an approved foreign loan shall not be sold, transferred, or otherwise disposed of without the prior written permission of the Minister, unless the loan has been repaid in full.
productive equipment
"productive equipment" means machinery or plant which would normally qualify for deduction under sections 16, 17 and 18 of the Income Tax Act;
approved foreign loan
"approved foreign loan" means a loan which is certified under section 75 to be an approved foreign loan;
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
productive equipment
"productive equipment" means machinery or plant which would normally qualify for deduction under sections 16, 17 and 18 of the Income Tax Act;
Part XI
Part XIII