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Investment Promotion Act

consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

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Sections

  1. 1 Short title
  2. 1E Investor Initial investment of USD 100,000 inserted by Finance Act 2017
  3. 1E Investor Initial investment of USD 100,000 inserted by Act No 10 of 2017
  4. 1F Investor for Initial investment of USD 40,000 or inserted by Finance Act 2017
  5. 1F Investor for Initial investment of USD 40,000 or inserted by Act No 10 of 2017
  6. 2 Interpretation
  7. PART II: THE BOARD OF INVESTMENT
  8. 3 Establishment of Board of Investment
  9. 4 The Board
  10. 5 Objects of Board of Investment
  11. 6 Functions of Board of Investment
  12. 6 Retired (a) Transfer of at least USD 2,500 inserted by Finance Act 2017
  13. 6 Retired (a) Transfer of at least USD 2,500 inserted by Act No 10 of 2017
  14. PART II: THE BOARD OF INVESTMENT
  15. 7 Powers of Board of Investment
  16. 8 Meetings of Board
  17. 9 Powers of Minister
  18. 9A Establishment of e-licensing system
  19. 9A Establishment of e-licensing system inserted by Act No 4 of 2017
  20. PART II: THE BOARD OF INVESTMENT
  21. 10 The Managing Director
  22. 10A Powers of Managing Director
  23. 10A Powers of Managing Director inserted by Finance Act 2016
  24. 10A Powers of Managing Director inserted by Act No 18 of 2016
  25. PART II: THE BOARD OF INVESTMENT
  26. 11 Delegation of powers
  27. PART III: REGISTRATION WITH BOARD OF INVESTMENT
  28. 12 Registration
  29. 12 Registration inserted by Finance Act 2016
  30. 12 Registration inserted by Act No 18 of 2016
  31. 12A Monitoring compliance
  32. 15 Deregistration of persons
  33. PART IV: IHS CERTIFICATE, PDS CERTIFICATE, SCS CERTIFICATE AND FREEPORT CERTIFICATE
  34. 16 Application for IHS certificate, PDS certificate or SCS certificate
  35. 17 Technical Committee
  36. 18 Issue of IHS certificate, PDS certificate or SCS certificate
  37. 18A Application for freeport certificate
  38. PART IVA: BUSINESS FACILITATION AND PUBLIC-PRIVATE PARTNERSHIP
  39. 18B Facilitation by Board of Investment
  40. 18C Public-private partnerships
  41. 18D Investment Projects Fast-Track Committee
  42. 18F Examination by IPFTC
  43. 18G Interpretation in this Part
  44. PART IVB: REGULATORY SANDBOX LICENCE
  45. 18H Application for Regulatory Sandbox licence
  46. 18H Application for Regulatory Sandbox licence inserted by Finance Act 2016
  47. 18H Application for Regulatory Sandbox licence inserted by Act No 18 of 2016
  48. 18I Consultations with public sector agency
  49. 18I Consultations with public sector agency inserted by Finance Act 2016
  50. 18I Consultations with public sector agency inserted by Act No 18 of 2016
  51. 18J Determination of application
  52. 18J Determination of application inserted by Finance Act 2016
  53. 18J Determination of application inserted by Act No 18 of 2016
  54. 18K Issue of Regulatory Sandbox licence
  55. 18K Issue of Regulatory Sandbox licence inserted by Finance Act 2016
  56. 18K Issue of Regulatory Sandbox licence inserted by Act No 18 of 2016
  57. 18L Monitoring of business activity
  58. 18L Monitoring of business activity inserted by Finance Act 2016
  59. 18L Monitoring of business activity inserted by Act No 18 of 2016
  60. 18M Suspension or revocation of Regulatory Sandbox licence
  61. 18M Suspension or revocation of Regulatory Sandbox inserted by Finance Act 2016
  62. PART IVA: BUSINESS FACILITATION AND PUBLIC-PRIVATE PARTNERSHIP
  63. 18CA
  64. PART V: ADMINISTRATION
  65. 19 Appointment of employees
  66. 20 Conditions of service of employees
  67. 21 General Fund
  68. 22 Disclosure of interest
  69. 23 Confidentiality
  70. 24 Cessation or transfer of business
  71. 25 Use of computer system
  72. PART VI: MISCELLANEOUS
  73. 26 Protection from liability
  74. 27 Offences and penalties
  75. 28 Regulations
  76. 28A Investment Promotion and Protection Agreement
  77. 28B Savings
  78. SCHEDULE
  79. 1 Investor (company only) Initial investment of USD 100,000 or its
  80. 1A
  81. 1B Any other investor Project value exceeding 20 million rupees
  82. 1C Investor already operating but Net asset value of at least USD 100,000 or
  83. 1D
  84. 2 Self-employed person Initial investment of USD 100,000 or its
  85. 3
  86. 4
  87. 5 Retired non-citizen (a) Transfer of a sum of at least
  88. PART II: ENACTMENTS
  89. 1
  90. 2
  91. 3
  92. PART III: CRITERIA FOR ELIGIBILITY FOR PERMANENT RESIDENCE PERMIT
  93. 1
  94. 2 Self-employed non-citizen Holder of an occupation permit