S-29.1 - Act respecting Québec business investment companies

Section 1 Disposition versions

2011-04-01

1. This Act applies to every Québec business investment company which is a private legal person incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with the body designated by the Government. It also applies to any investment company constituted under the Business Corporations Act (chapter S-31.1) and registered as such with that body.

For the purposes of this Act, a company shall be a private corporation, within the meaning of section 1 of the Taxation Act (chapter I-3), or a legal person that would be a private corporation, within the meaning of that Act, were it not designated by the Minister of National Revenue in accordance with subparagraph ii of paragraph b of the definition of “public corporation” in subsection 1 of section 89 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)). However, a company may be controlled directly or indirectly by one or more venture capital legal persons which are public corporations within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 2002, c. 40, s. 334; 2009, c. 52, s. 709; 2010, c. 37, s. 121.

2011-02-14

1. This Act applies to every Québec business investment company which is a private legal person incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with Investissement Québec. It also applies to any investment company constituted under the Business Corporations Act (chapter S-31.1) and registered as such with Investissement Québec.

For the purposes of this Act, a company shall be a private corporation, within the meaning of section 1 of the Taxation Act (chapter I-3), or a legal person that would be a private corporation, within the meaning of that Act, were it not designated by the Minister of National Revenue in accordance with subparagraph ii of paragraph b of the definition of “public corporation” in subsection 1 of section 89 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)). However, a company may be controlled directly or indirectly by one or more venture capital legal persons which are public corporations within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 2002, c. 40, s. 334; 2009, c. 52, s. 709.

2002-10-17

1. This Act applies to every Québec business investment company which is a private legal person incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with Investissement Québec.

For the purposes of this Act, a company shall be a private corporation, within the meaning of section 1 of the Taxation Act (chapter I-3), or a legal person that would be a private corporation, within the meaning of that Act, were it not designated by the Minister of National Revenue in accordance with subparagraph ii of paragraph b of the definition of “public corporation” in subsection 1 of section 89 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement). However, a company may be controlled directly or indirectly by one or more venture capital legal persons which are public corporations within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 2002, c. 40, s. 334.

1999-10-22

1. This Act applies to every Québec business investment company which is a private legal person incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with Investissement Québec.

For the purposes of this Act, a company shall be a private legal person within the meaning of section 1 of the Taxation Act (chapter I-3). However, a company may be controlled directly or indirectly by one or more venture capital legal persons which are public legal persons within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1; 1998, c. 17, s. 64; 1999, c. 40, s. 305.

1998-08-21

1. This Act applies to every Québec business investment company which is a private corporation incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with Investissement-Québec.

For the purposes of this Act, a company shall be a private corporation within the meaning of section 1 of the Taxation Act (chapter I-3). However, a company may be controlled directly or indirectly by one or more venture capital corporations which are public corporations within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1; 1998, c. 17, s. 64.

1989-12-20

1. This Act applies to every Québec business investment company which is a private corporation incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with the Société de développement industriel du Québec.

For the purposes of this Act, a company shall be a private corporation within the meaning of section 1 of the Taxation Act (chapter I-3). However, a company may be controlled directly or indirectly by one or more venture capital corporations which are public corporations within the meaning of section 1 of the Taxation Act.

1985, c. 9, s. 1; 1989, c. 72, s. 1.

1985-08-14

1. This Act applies to every Québec business investment company which is a private corporation incorporated after 23 April 1985 under Part IA of the Companies Act (chapter C-38) and registered as such with the Société de développement industriel du Québec.

For the purposes of this Act, a private corporation is a private corporation within the meaning of section 1 of the Taxation Act (chapter I-3).

1985, c. 9, s. 1.