Section 23: Confidentiality
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.
23. Confidentiality
(1) Subject to this section, every member, the technical committee, the
Managing Director or every employee shall maintain during or after his relationship with the Board of Investment, the confidentiality of any matter relating to this Act which comes to his knowledge.
(2) Except for the purposes of administering this Act, no member or person referred to in subsection (1) shall communicate to any unauthorised person any matter relating to this Act.
(3) The Board may give public notice—
(a) with the consent of the applicant, of the particulars of his application; or
(b) of the particulars of a PDS certificate, a SCS certificate, an IHS
certificate or a freeport certificate.
I22 – 15 [Issue 7]
Investment Promotion Act
(4) Any person who, without lawful excuse, contravenes subsection (2)
shall commit an offence and shall, on conviction, be liable to a fine not exceeding 50,000 rupees and imprisonment for a term not exceeding 2 years.
[S. 23 amended by s. 6 (e) of Act 21 of 2006 w.e.f. 1 October 2006; s. 18 (vi) of Act 17 of
2007 w.e.f. 22 August 2007; s. 23 (g) of Act 14 of 2009 w.e.f 30 July 2009; s. 31 (n) of
Act 9 of 2015 w.e.f. 14 May 2015.]