Malaysia legislation
Section 4L
Section 4L
(2)
The extension of the research and development status period granted under this section shall begin from the date following the end of the research and development status period under section 4H and continue for a period of five years.
Promotion Of Investments 25
(3)
A research and development status company shall make an application in writing to the Minister for an extension of its research and development status period within thirty days or such further period as the Minister may allow after the end of the research and development status period under subsection 4H(1).
(4)
On receipt of an application under subsection (3), the Minister may request for further particulars or any proof of the information given in the application which he considers necessary and—
(a)
if the Minister is satisfied that the company has complied with the condition referred to in subsection (1), the Minister may, with the concurrence in writing of the Minister of
Finance, grant the extension of the research and development status period; or
(b)
if the Minister is not satisfied, the Minister shall cause a notice of his refusal to grant the extension to be sent to the company.
(5)
The extension of the research and development status period shall be granted subject to the condition imposed in the approval granted under subsection 4H(2).
Application for pioneer status