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57 These Regulations apply to

• (a) every application for assistance under the Regulations received by the Minister after these Regulations come into force; and

• (b) every application for assistance under

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  where the application was received by the Minister not more than six months before or is received not more than two months after these Regulations come into force, if

  • (vii) such application has not been disallowed by the Minister prior to the coming into force of these Regulations,

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  • (ix) the applicant has opted in writing for the application to be dealt with under these Regulations.

1 These Regulations may be cited as the Industrial and Regional Development Regulations.

• 56 (1) A Board established by the Minister pursuant to section 14 of the Act may advise and make recommendations to the Minister concerning projects and activities and proposed projects and activities regarding

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  • (c) the nature and amount of assistance under these Regulations that would be required for their successful completion;

  • (d) the nature and amount of assistance under these Regulations that would be appropriate, taking into consideration the amount of private investment;

  • (e) the appropriate terms and conditions for assistance to them under these Regulations;

58 Notwithstanding any other provision of these Regulations, any application received by the Minister prior to the date this section came into force shall be governed by these Regulations as they read immediately prior to the date this section came into force.

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• (5) Notwithstanding any other provision of this section,

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  • (b) the Minister shall sell capital stock acquired under a stock option pursuant to these Regulations no later than one year from the date of acquisition of the stock; and

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