Regulatory Alerts2004-01-01
Protected Cell Companies (Amendment) Act 2004
The President and National Assembly issued this amendment to the Protected Cell Companies Act, 2003. It requires protected cell companies to benefit from a new statutory exemption covering stamp duty on property transfers, securities transactions, and core business operations. The legislation further excludes these entities from the Exchange Control Act for internal securities dealings and updates the approved business schedule to explicitly authorize insurance, mutual funds, and other authority-approved activities.
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