Section 43
Section 27N of the principal Act is amended—
of Promotion of Investments (Amendment) Act 2011
(a)
in subsection (1), in paragraph (a) of the proviso—
(i)
by inserting after the words "in relation thereto," the words "from a date prior to the date from which the activity was deemed as a promoted activity,";
(ii)
by deleting the word "and" at the end of the paragraph; and
(iii)
by inserting after paragraph (a) the following paragraph:
"（aa) where an application is received from 8 September 2007 until 31 December 2010 and the Minister is satisfied that the company was engaged in an activity or had otherwise incurred capital expenditure in relation thereto, the approval may be granted retrospectively from the date of the receipt of the application but not earlier than 8 September 2007; and"; and
(b)
in subsection (3), by substituting for the words "subsections (1) and (2)" the words "this section".