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← Promotion of Investments Act 1986

Promotion of Investments Act 1986 s 28

Promotion of Investments Act 1986 s 28

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 28 Withdrawal of approval of investment tax allowance

(1) Where a company which has been granted an approval under section 27, 27A, 27B , 27C, 27D , 27E , 27F or 27G fails to comply with any of the terms or conditions imposed under subsection 27(1), 27(2), 27A(1), 27 A(2), 27B(1), 27B (2), 27C(1), 27C(2), 27D(1), 27D(2), 27E(1), 27E(2), 27F(1), 27F(2), 27G(1), 27G(2) or with any other provisions of this Act, the Minister shall by notice in writing require the company within thirty days from the date of service of the notice to show cause why the approval should not be withdrawn. (2) The Minister may withdraw the approval granted under subsection 27(1), 27A (1), 27B(1), 27 C(1), 27 D(1), 27E(1), 27 F(1) or 27G(1)— (a) where the company has failed to comply with a notice served on it under subsection (1); (b) where he is not satisfied with the reasons for the noncompliance with the terms and conditions imposed under subsection 27(1), 27(2), 27A(1), 27A(2), 27B(1), 27B(2), 27C(1), 27C(2), 27D(1), 27D(2), 27E(1), 27E(2), 27F(1), 27F(2), 27G(1), 27G(2) or with any other provisions of this Act.

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Find Act 327 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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