Malaysia legislation
Section 4k
Section 4k
(2)
Where the Minister is satisfied with the reasons for the surrender of status under subsection (1), the Minister may approve the notice of surrender and the surrender shall have effect—
(a)
on the date the notice of surrender is received by the Minister; or
(b)
on any other date as may be determined by the Minister.
Extension of research and development status period 4l. (1) The Minister may, with the concurrence in writing of the Minister of Finance, extend the research and development status period referred to in subsection 4h(1) where the Minister is satisfied that the company has, by the end of the research and development status period under that subsection, complied with the condition imposed on the approval referred to in subsection 4h(2) or (3), as the case may be.
(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.
(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).
Act 833
(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).”.
Savings and transitional