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Revised Laws of Saint Lucia
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INVEST SAINT LUCIA ACT
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53. Repeal
Revised Laws of Saint Lucia (2021)
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53. Repeal
The National Development Corporation Act is repealed.
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53. Repeal
1. Short title
2. Interpretation
3. Establishment of Invest Saint Lucia
4. Constitution of the Board
5. Function of Invest Saint Lucia
7. Powers of Minister
8. General or special directions of Minister
9. Seal of Invest Saint Lucia
10. Duration of appointment
11. Remuneration of members of the Board
12. Temporary appointment
13. Revocation
14. Resignation
15. Notification of appointment and termination in the Gazette
16. Appointment of officers
17. Procedure and meetings of the Board
18. Disclosure by member of interest
19. Signification of documents and decisions
20. Appointment of Committee by the Board
21. Power to delegate
23. Validity of acts and proceedings
24. Protection of members of the Board
25. Application to special development areas
27. Activities of Invest Saint Lucia in special development areas
29. Transfer of completed development works and services
30. Acquisition of shares in development companies
31. Appointment of directors to the Board of Directors of a development company
32. Funds and resources of Invest Saint Lucia
33. Borrowing, guaranteeing and accommodating powers
34. Advances from Government
36. Investments
37. Application of funds and resources of Invest Saint Lucia
38. Decisions of Invest Saint Lucia
39. Cash deposit and payments
40. Power to make rules
41. Accounts and Audits
42. Accounts to be tabled
43. Power of Cabinet to transfer or divest property
44. Attorney General's fiat
45. Recovery of rent
46. Forfeiture of lease
47. Recovery of land illegally occupied
48. Minutes receivable in evidence
49. Exemption from stamp duty and other charges
50. Exemption from income tax and import duties
51. General penalty
52. Regulations
26. Acquisition of land in special development areas
28. Relationship to Constituency Council
6. Powers of Invest Saint Lucia
22. Pension scheme
35. Guarantee of borrowings
Schedule