It is a good investment having a Miami Seashore condo. (8) If a labour sponsored funding fund corporation guarantees a qualifying debt obligation issued by an eligible business, the labour sponsored funding fund corporation shall be deemed to have made an eligible investment in the eligible business having a value equal to 25 per cent of the amount of the debt that was guaranteed by the labour sponsored investment fund company on the time the assure was given.
(10) A reference on this Act to an funding corporation shall be deemed to include a reference to a partnership that’s registered as an Ontario commercialization funding fund and a reference to a shareholder of an funding corporation shall be deemed to incorporate a reference to a associate in a partnership that’s registered as an Ontario commercialization funding fund.
C, s. 5 (1, 2); 1999, c. 9, s. 52; 2000, c. 42, s. three (1-three); 2004, c. sixteen, s. 1 (2); 2004, c. 31, Sched. Uncover a world of great funding opportunities, purchase into companies you imagine in and share in their success through a easy on-line process.
Ii. the labour sponsored funding fund company accepts the enterprise. Small Enterprise Investment Corporations are allowed to borrow from the federal authorities as a way to increase the funds of personal investors. 14.1 (1) This part applies if a Class A share of a labour sponsored funding fund corporation that was issued after Might 6, 1996 is redeemed, acquired or cancelled by the company less than eight years after the day on which the share was issued.
(three) Restrictions on the issue, possession or transfer of any class or sequence of shares of a company which are required by this Act or by Part X.three of the Earnings Tax Act (Canada) to be contained within the articles of the company with a purpose to entitle it to registration underneath this Act or below Half X.three of the Earnings Tax Act (Canada), as the case requires, shall be deemed for the aim of subsection forty two (2) of the Enterprise Firms Act to be restrictions essential for the obtaining and holding of authority to interact in an activity essential to the undertaking of the corporation.