F-3.1.2 - Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi

Section 18.1 Disposition versions

2012-05-09

18.1. For the purposes of this Act, “eligible enterprise” means an enterprise in active operation the majority of whose employees are resident in Québec and whose assets are less than $100,000,000 or whose net equity is less than $50,000,000.

For the purposes of this Act, the assets or net equity of an enterprise in which the Fund makes an investment are the assets or net equity shown in its financial statements for the fiscal year ended before the date on which the investment is made, minus the write-up surplus of its property and the incorporeal assets. In the case of an enterprise which has not completed its first fiscal year, the fact that the assets or net equity, as the case may be, of the enterprise are, immediately before the investment, under the limits prescribed in this division in relation to such an investment must be confirmed in writing to the Fund by a chartered accountant.

1999, c. 55, s. 5; 2005, c. 1, s. 7; 2005, c. 38, s. 29; 2012, c. 8, s. 27.

2005-12-13

18.1. For the purposes of this Act, “eligible enterprise” means an enterprise in active operation the majority of whose employees are resident in Québec and whose assets are less than $100,000,000 or whose net equity is less than $50,000,000.

For the purposes of this section, the assets or net equity of an enterprise are the assets or net equity shown in its financial statements for the fiscal year ended before the date on which the investment is made, minus the write-up surplus of its property and the incorporeal assets. In the case of an enterprise which has not completed its first fiscal year, the fact that the assets or net equity, as the case may be, of the enterprise are, immediately before the investment, under the limits prescribed in this section must be confirmed in writing to the Fund by a chartered accountant.

1999, c. 55, s. 5; 2005, c. 1, s. 7; 2005, c. 38, s. 29.

2005-03-17

18.1. For the purposes of this Act, “eligible enterprise” means

(1)  a “Québec enterprise”, that is, an enterprise in active operation the majority of whose employees are resident in Québec and whose assets are less than $100,000,000 or whose net equity is not over $40,000,000 ; or

(2)  an enterprise whose operation, outside Québec, contributes or can reasonably be expected to contribute to the increase or maintenance of employment levels or economic activity in Québec, in the cases and to the extent determined by a policy adopted by the board of directors and approved by the Minister of Finance.

For the purposes of this section, the assets or net equity of a Québec enterprise are the assets or net equity shown in its financial statements for the fiscal year ended before the date on which the investment is made, minus the write-up surplus of its property and incorporeal assets. In the case of an enterprise which has not completed its first fiscal year, the fact that the assets or net equity, as the case may be, of the enterprise are, immediately before the investment, under the limits prescribed in this section must be confirmed in writing to the Fund by a chartered accountant.

1999, c. 55, s. 5; 2005, c. 1, s. 7.

1999-11-05

18.1. For the purposes of this Act, “eligible enterprise” means

(1)  a “Québec enterprise”, that is, an enterprise in active operation the majority of whose employees are resident in Québec and whose assets are less than $100,000,000 or whose net equity is not over $40,000,000 ; or

(2)  an enterprise whose operation, outside Québec, contributes or can reasonably be expected to contribute to the increase or maintenance of employment levels or economic activity in Québec, in the cases and to the extent determined by a policy adopted by the board of directors and approved by the Minister of Finance.

For the purposes of this section, the assets or net equity of a Québec enterprise are the assets or net equity shown in its financial statements for the fiscal year ended before the date on which the investment is made, minus the write-up surplus of its property and intangible assets. In the case of an enterprise which has not completed its first fiscal year, the fact that the assets or net equity, as the case may be, of the enterprise are, immediately before the investment, under the limits prescribed in this section must be confirmed in writing to the Fund by a chartered accountant.

1999, c. 55, s. 5.