one month from the completion of the offering period. (2) The company may cease the offering of investment units for sale during the IPO period by notifying the SEC within seven days from the date of
) The Department of Business Development, Ministry of Commerce The Revenue Department, Ministry of Finance International Federation of Accountants International Forum of Independent Audit Regulators
Total outstanding units Y1 Y2 Y3 Y4 Y5 Y6 Hence : ( X1 + X2 + X3 + X4 + X5 ) Y1 19.1.3 Actions required upon the specified causes for the dissolution of funds: (1) Cease to accept
asset is generating or expected to generate revenue of not lower than 80% of the total income of the aggregate entity. Investment categories An IFF can choose to invest in following categories as
projects which have not yet generated commercial revenue. Investments in infrastructure assets Three Types of qualified investments are: direct investment through obtaining ownership of assets
a large scale (the same consideration criteria as applied for IFFs, mutatis mutandis) *Greenfield herein refers to infrastructure projects which have not yet generated commercial revenue
received from committing an offence along with the interest arising from such money shall be remitted to the Ministry of Finance as state revenue under Section 317/12 of the amended SEA and Section 99