S.L. 325.6 Art. 39Limitation of applicability of regulations 31 to 38.

(1) The provisions of regulations 31 to 38 shall not be applicable with respect to a qualifying company for a year of assessment if, in the accounting period ending in the year preceding that year of assessment, there has been a material change in the trading activities of such qualifying company.

(2) A certificate issued by the Corporation confirming that there has been no material change in the activities of a qualifying company shall be conclusive evidence of that fact.