Section 1E: Investor Initial investment of USD 100,000
This section is inserted by Finance Act 2017, section 29.
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.
1E. Investor Initial investment of USD 100,000
or its equivalent in freely
convertible foreign currency, of
which –
(a) a minimum transfer of at least
USD 25,000 shall be made(cid:30) and
232 Acts 2017
(b) the equivalent of the remaining
value in high technology
machines and equipment,
subject to such criteria as the
Managing Director may
determine