Investment Authority (Amendment) Act, 2016
Made 2006-11-17 · Text as of 2026-10-01
Public law and official guidance, published as research. Not legal, tax or financial advice.
About this law
- Language
- English
- Kind
- Act
- Organisation
- Caribbean Community (CARICOM)
- Country
- Antigua & Barbuda
- Subjects
- General
- Keywords
- investment, authorization/permit, legal proceedings/administrative proceedings
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Text
The law's own text, section by section, as held. Each section has its own link.
3. Amendment of section 2 Section 2 of the principal Act is amended by the deletion of the definition of “Minister” and the substitution of the following - “Minister” means the Minister with responsibility for Economic Development.”
4. Amendment of section 16 ________ Printed at the Government Printing Office, Antigua and Barbuda, Section 16 of the principal Act is amended as follows – Philip P. Ashterman, Acting Government Printer — By Authority, 2016. (a) by the deletion of subsection (4) and the substitution of the following— 500—9.16 [Price $ 2.25] Investment Authority (Amendment) Act, 2016. 2 No. 13 of 2016 No. 13 of 2016 3 Investment Authority (Amendment) Act, 2016. ANTIGUA AND BARBUDA INVESTMENT AUTHORITY (AMENDMENT) ACT, 2016 ARRANGEMENT OF SECTIONS Sections
1. Short title
2. Interpretation
3. Amendment of Section 2
4. Amendment of Section 16
5.Amendment of Section 17
6.Amendment of Schedule No. 13 of 2016 5 Investment Authority (Amendment) Act, 2016. “(4) Subject to subsection (5), the Board shall consider an application and shall approve or reject it within one calendar month of its receipt by the Authority and, if the application is approved, shall request that the Minister seeks Cabinet’s approval for the grant of the appropriate incentives and concessions.
5. Amendment of section 17 Section 17 of the principal Act is amended in subsection (1) by the deletion of “14(5)” and the substitution of “16(5)”.
6. Amendment of Schedule
Schedule 2 of the principal Act is amended as follows – — of the principal Act is amended as follows
Schedule 2 of the principal Act is amended as follows – (a) by the repeal of paragraphs 1 and 2 and the substitution of the following – “1. The Board shall consist of a chairman, a deputy chairman and three other persons appointed by the Minister from among persons with requisite knowledge and experience in finance, law, business, tourism and agriculture. 2. Members of the Board shall be appointed in writing and shall hold office for a term of two years and may, at the expiration of such term, be appointed for a further term not exceeding two years.” (b) by the repeal of subparagraph (2) of paragraph 6 and the substitution of the following — “(2) The quorum at meetings of the Board shall be three, including the Chairman or in his absence the deputy chairman.” Passed the House of Representatives on Passed the Senate on the15th August, 2016. the 25th July, 2016. Gerald Watt, Q.C., Alincia Williams Grant, Speaker. President. Ramona Small, Ramona Small, Clerk to the House of Representatives. Clerk to the Senate.