Investment Incentives Order, 2001 · As enacted · Part X · Foreign Loans for Productive Equipment
78. (1)
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (3), section 77 shall apply to any additional interest payable on an approved foreign loan by reason of any arrangement whereby the period within which the loan must be repaid in full has been extended.
approved foreign loan
"approved foreign loan" means a loan which is certified under section 75 to be an approved foreign loan;
The rate of interest payable in respect of any such extended period shall not, without the prior sanction of the Minister, be higher than the rate of interest specified in the certificate relating to the approved foreign loan.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
(3}
Any company making any such arrangement shall give notice thereof in writing to the Minister within 30 days from the date on which the arrangement is made.
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
1350
Terms defined in s 3
approved foreign loan
Defined · s 3"approved foreign loan" means a loan which is certified under section 75 to be an approved foreign loan;
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.
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
Part XI
Investment Allowances
Part XII
Part XIII