Business Promotion (Amendment) Regulations, 2004

L.N. 464 of 2004

BUSINESS PROMOTION ACT

(CAP. 325)

Business Promotion (Amendment) Regulations, 2004

IN exercise of the powers conferred by article 59 of the Business

Promotion Act, the Minister for Investment, Industry and Information

Technology has made the following regulations>-

(1) The title of these regulations is the Business Promotion

(Amendment) Regulations, 2004, and they shall be read and construed

as one with the Business Promotion Regulations, 2001, hereinafter

referred to as “the principal regulations”.

(2) These regulations shall be deemed to have come into

force on the 1 st May, 2004.

In the proviso to sub-regulation (1) of regulation 30 of the

principal regulations, for words “are applicable.” there shall be

substituted the words “are applicable>”, and immediately thereafter there

shall be added the following new proviso>-

“Provided further that the provisions of this sub-regulation

shall only apply where the company, the shares of which are

acquired from Government, has closed or ceased its operations, or

would have closed or would have ceased its operations, had its

shares not been acquired from Government, and provided that the

company is not a firm in difficulty.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press