Section 7
Subsection 34B(4) of the principal Act is amended—
ActIn forceProvision 7 of 40
Section 7
(a)
by substituting for paragraph (c) the following paragraph:
10 Laws of Malaysia ACT 742
“(c) a “contract research and development company”
and a “research and development company” have the same meaning assigned thereto in section 2 of the Promotion of Investments Act 1986 and fulfills the conditions specified by the relevant Ministry;”;
and
(b)
by inserting after paragraph (c) the following paragraph:
“(d) a “related company” has the meaning assigned to it in section 2 of the Promotion of Investments Act 1986.”.