Malaysia legislation
Section 2
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