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Section 1F: Investor for Initial investment of USD 40,000 or

Investment Promotion Act

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.

1F. Investor for Initial investment of USD 40,000 or innovative its equivalent in freely convertible start-ups currency and a minimum operation expenditure of 20 per cent on research and development (ii) by adding the following new item and its corresponding entries –

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