Section 4J
Withdrawal of approval
of Promotion of Investments Act 1986
ActIn forceProvision 14 of 34
Section 4J
(1)
The Minister may withdraw the approval granted under subsection 4H(1) to a company by way of a notice in writing where—
(a)
the company has failed to comply with a notice served on it under section 4I; or
(b)
the Minister is satisfied that the company has contravened any provision of this Act or any condition imposed under
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section 4H and that in all the circumstances it is expedient to do so.
(2)
The withdrawal of the approval referred to in subsection (1)
shall have effect—
(a)
on the date the approval was granted; or
(b)
on any other date as may be determined by the Minister.