Malaysia legislation

Section 2

of PROMOTION OF INVESTMENTS (AMENDMENT) ACT 2014

Section 2

The Promotion of Investments Act 1986 [Act 327], which is referred to as the “principal Act” in this Act, is amended in subsection 2(1)—

(a)

by deleting the definition of “promoted area”;

(b)

by deleting the definition of “industrial linkage programme”;

(c)

by inserting after the definition of ‘ “Area Fishermen’s

Association”, “Federal Fishermen’s Association” and “State

Fishermen’s Association” ’ the following definition:

‘ “company” means a company—

(a)

incorporated in Malaysia under the Companies

Act 1965 [Act 125]; and

(b)

resident in Malaysia in the basis year for a year of assessment;’; and

(d)

in the definition of ‘ “small company” or “medium company” ’—

(i)

by deleting the words ‘ or “medium company” ’;

and

(ii)

in paragraph (a), by deleting the words

“[Akta 125]”.

Amendment of section 4b