Finance Act 1994 · s 12

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s 12Amendment of section 60D

Section 60D of the principal Act is amended in subsection (5), in the definition of ³venture capital company´, by substituting for paragraph (b) the following paragraph:

³(b) is engaged wholly in the making of investments and, throughout the basis period for a year of assessment, not less than seventy per cent of the total funds invested consist of the holding of shares in a venture company, the shares in which are not listed for quotation in the official list of a stock exchange in Malaysia at the time of acquisition of such shares by that venture capital company; and´.