Section 4G
of Promotion of Investments Act 1986
Section 4G
For the purposes of this Act, a research and development company, or a contract research and development company is a company approved as a research and development status company.
(2)
Any company may make an application in writing to the
Minister to be approved as a research and development status company, and the Minister may impose any pre-condition for the application.
(3)
Any company applying to be approved as a research and development status company shall state that the company carries on activity relating to research and development under this Act and complies with any pre-condition imposed for the application.
(4)
Upon receipt of an application under subsection (2), the
Minister may request for any information or additional document relating to the application, if necessary.
*NOTE—see section 62 of Finance Act 2021 [Act 833] w.e.f 1 January 2022
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