Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

S-29.1 - Act respecting Québec business investment companies

Section 15.0.1
Disposition versions

Full text
15.0.1. Where new common shares with full voting rights of a company are subscribed and paid and the company uses its funds to make a qualified investment, the company may allocate to the shareholders of its choice an amount as participation in a qualified investment not exceeding the amount of such investment, and also an amount as additional participation in a qualified investment, without, however, exceeding the financial commitment of each shareholder within the meaning of paragraph b.1 of section 965.29 of the Taxation Act (chapter I-3).
To be valid, the allocation must be approved by the body designated under section 1.
1987, c. 106, s. 5; 1988, c. 80, s. 11; 1992, c. 45, s. 3; 1998, c. 17, s. 64; 2010, c. 37, s. 136.
15.0.1. Where new common shares with full voting rights of a company are subscribed and paid and the company uses its funds to make a qualified investment, the company may allocate to the shareholders of its choice an amount as participation in a qualified investment not exceeding the amount of such investment, and also an amount as additional participation in a qualified investment, without, however, exceeding the financial commitment of each shareholder within the meaning of paragraph b.1 of section 965.29 of the Taxation Act (chapter I-3).
To be valid, the allocation must be approved by Investissement Québec.
1987, c. 106, s. 5; 1988, c. 80, s. 11; 1992, c. 45, s. 3; 1998, c. 17, s. 64.
15.0.1. Where new common shares with full voting rights of a company are subscribed and paid and the company uses its funds to make a qualified investment, the company may allocate to the shareholders of its choice an amount as participation in a qualified investment not exceeding the amount of such investment, and also an amount as additional participation in a qualified investment, without, however, exceeding the financial commitment of each shareholder within the meaning of paragraph b.1 of section 965.29 of the Taxation Act (chapter I-3).
To be valid, the allocation must be approved by the Société de développement industriel du Québec.
1987, c. 106, s. 5; 1988, c. 80, s. 11; 1992, c. 45, s. 3.
15.0.1. Where new common shares with full voting rights of a company are subscribed and paid and where the company uses its funds to make a qualified investment, the company may allocate to the shareholders it selects an amount as participation in a qualified investment not exceeding the amount of the investment or the financial commitment of each shareholder within the meaning of paragraph b.1 of section 965.29 of the Taxation Act (chapter I-3).
To be valid, the allocation must be approved by the Société de développement industriel du Québec.
1987, c. 106, s. 5; 1988, c. 80, s. 11.
15.0.1. Where new common shares with full voting rights of a company are subscribed and paid and where the company uses its funds to make a qualified investment, the company may allocate to the shareholders it selects an amount as participation in a qualified investment not exceeding the amount of the investment or the financial commitment of each shareholder within the meaning of paragraph b.1 of section 965.29 of the Taxation Act (chapter I-3), enacted by section 63 of chapter 21 of the statutes of 1987.
To be valid, the allocation must be approved by the Société de développement industriel du Québec.
1987, c. 106, s. 5.
© Gouvernement du Québec