Section 18B: Facilitation by Board of Investment
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.
18B. Facilitation by Board of Investment
(1) Any registered investor or self-employed person may request the Board
of Investment to provide assistance, support, coordination and co-operation
with public sector agencies to facilitate and implement his project or business.
(1A) Every public sector agency shall request the Board of Investment to
provide assistance, support, coordination and cooperation on the review of systems and procedures and guidelines in order to facilitate the doing of business.
(2) On receipt of a request under subsection (1), the Board of Investment—
(a) may give such directions as may be required to expedite the
processing of applications, to relevant public sector agencies in
accordance with relevant guidelines;
(b) shall ensure that any application made for a permit or authorisation
is processed within the time limit set by the public sector agency;
(c) may convene committees and meetings with public sector agencies to facilitate and coordinate the implementation of projects
by registered investors or self-employed persons.
(3) The guidelines referred to in subsection (2) (a) shall be—
(a) available for consultation at the office of the public sector agency
and the Board of Investment; and
(b) posted on the website of the Board of Investment.
[S. 18B inserted by s. 6 (d) of Act 21 of 2006; amended by s. 31 (h) of Act 9 of 2015 w.e.f.
14 May 2015.]
I22 – 11 [Issue 9]
Investment Promotion Act