Section 2: Definitions

Plain-Language Summary

A general explanation to aid understanding. The official statutory text appears below.

This section defines the following terms used in The Board of Investment Ordinance, 2001: • Chairman — the Chairman of the Board • CCOI — the Cabinet Committee on Investment constituted by Notification No.38(Cab)/97, dated 13th September, 1997 • Investment Policy — the investment policy, the CCOI may, from time to time, approve • member — the member of the Board • National Industrial Zone — an industrial estate, an export processing zone, a free industrial zone and export oriented unit or a free trade zone, notified as such by the Federal Government • President — President of the Board • Provincial Investment Committee — any Provincial Investment Committee established under section 16 • regulations — regulations made under this Ordinance • Secretary — the Secretary of the BOI; and • Vice-President — the Vice-President of the Board. CHAPTER.__ II ESTABLISHMENT OF THE BOARD OF INVESTMENT This is the official statutory text, shown as written — it is not a paraphrase or a legal opinion. Consult a verified lawyer to see how it applies to your specific situation.

2. Definitions.__ In this Ordinance, unless there is anything repugnant in the subject or context,__ (a) "Board" or "BOI" means the Board of Investment established under section 3; (b) "Chairman" means the Chairman of the Board; (c) "CCOI" means the Cabinet Committee on Investment constituted by Notification No.38(Cab)/97, dated 13th September, 1997; (d) "Investment Policy" means the investment policy, the CCOI may, from time to time, approve; (e) "member" means the member of the Board; (f) "National Industrial Zone" means an industrial estate, an export processing zone, a free industrial zone and export oriented unit or a free trade zone, notified as such by the Federal Government; (g) "President" means President of the Board; (h) "Provincial Investment Committee" means any Provincial Investment Committee established under section 16; (i) "regulations" means regulations made under this Ordinance; (j) "rules" mean rules made under this Ordinance; (k) "Secretary" means the Secretary of the BOI; and (l) "Vice-President" means the Vice-President of the Board. CHAPTER.__ II ESTABLISHMENT OF THE BOARD OF INVESTMENT

Effective date: 2001-01-01

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