Section Code: 0057 - 0060
Board of Investments
INVESTMENT PROMOTION ACT
Chapter 7: Final Provisions
Section 57. Source of Vested Powers
All powers and duties vested in the Board of Investment under the Announcement of the National Executive Council No. 227 dated October 18, B.E. 2515, concerning the execution of the Announcement of the National Executive Council No. 328, dated December 13, B.E. 2515 shall be the power and duties of the Board under this Act.
Section 58. Right and Benefits Under the Act
It shall be considered that a person who has received the promotion certificate to undertake an industrial activity according to the category, size and conditions as stipulated by Ministerial Regulations or announcements of the Board of Industrial Investment under the law on promotion of industrial investment and a person who has received the promotion certificate under the announcement of the National Executive Council No. 227 dated October 18, B.E. 2515 prior to the date this Act comes into force, shall be the promoted person under this Act and shall continue to enjoy such right and benefits under the conditions stipulated in the promotion certificate and shall also have the right to apply for the rights and benefits under this Act.
Section 59
Applications for promotion which have been approved for promotion by the Board under the Announcement of the National Executive Council No. 227 dated October 18, B.E. 2515 shall be considered as having been approved for promotion by the Board under this Act.
Section 60. Pending Applications During Consideration of the Act
Applications for promotion which are pending consideration on the date this Act comes into force shall be considered as having been filed under this Act.