Section 15: Any transfer of immovable prop- The difference between the value of the
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Any transfer of immovable prop- The difference between the value of the
erty to a company holding a let- immovable property transferred and the
ter of approval for the implemen- value of the shares held by the transtation of a project under the Real feror in the company.
Estate Development Scheme
prescribed under the Investment
Promotion Act and the transferor
holds shares in the company the
value of which is less than the
value of the immovable property
transferred.