Singapore legislation
Section 97E
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 97E
Prohibition of other trade or business
Amended by24/8922/87
(1)
A venture company shall not, without the written approval of the Minister, carry on any trade or business other than the trade or business to which its certificate relates.
(2)
A technology investment company and an overseas investment company shall not carry on any trade or business.
Amended by24/8922/87