Small Business Investment Act: Text and Related Tax Provisions, Volumes 1-2 |
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Page 8
... deems necessary to insure compliance with the Act and the regu- lations . The Administration may also suspend the license of a licensee , against whom an order has been issued , until such licensee complies with such order . ( c ) ...
... deems necessary to insure compliance with the Act and the regu- lations . The Administration may also suspend the license of a licensee , against whom an order has been issued , until such licensee complies with such order . ( c ) ...
Page 9
... deem proper . The Administration may modify its findings as to the facts , or make new findings , by reason of the additional evidence so taken , and it shall file its modified or new findings and the amendments , if any , of its order ...
... deem proper . The Administration may modify its findings as to the facts , or make new findings , by reason of the additional evidence so taken , and it shall file its modified or new findings and the amendments , if any , of its order ...
Page 10
... deems necessary to determine whether a licensee or any other person has en- gaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act , or of any rule or regulation ...
... deems necessary to determine whether a licensee or any other person has en- gaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act , or of any rule or regulation ...
Page 11
... deems necessary , take exclusive jurisdiction of the licensee or licensees and the assets thereof , wherever located ; and the court shall have jurisdiction in any such proceeding to appoint a trustee or receiver to hold or administer ...
... deems necessary , take exclusive jurisdiction of the licensee or licensees and the assets thereof , wherever located ; and the court shall have jurisdiction in any such proceeding to appoint a trustee or receiver to hold or administer ...
Page 12
... deems appro- priate . Any such order shall become effective at the expiration of thirty days after service upon such licensee and the director or officer concerned ( except in the case of an order issued upon consent , which shall ...
... deems appro- priate . Any such order shall become effective at the expiration of thirty days after service upon such licensee and the director or officer concerned ( except in the case of an order issued upon consent , which shall ...
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Common terms and phrases
9 of Public acts or practices added by Public added by sec Adminis agreements to participate amended by adding amended by sec amount approved articles of incorporation bad debt reserves breach of trust business concerns Business Investment Act business investment company BUSINESS INVESTMENT DIVISION capital and surplus cease and desist centum Committee on Small convertible debentures court of appeals deduction deems deferred basis desist order development companies director or officer district end thereof equity capital exempt filing guarantee hearing interest Internal Revenue Code investment company operating investors jurisdiction lease long-term loan loss experience LOSSES ON SMALL modify obligations order issued paragraph person petition practices which constitute principal office proceeding Public Law purposes pursuant rental repealed by sec Revenue Ruling 64-48 sale or exchange SBIC industry SBIC's securities Small Business Act Small Business Administration small business investment small-business concerns subsection suspension and/or prohibition thereof the following United States Code violation
Popular passages
Page 4 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 7 - In the performance of, and with respect to, the functions, powers, and duties...
Page 14 - States a civil penalty of not more than $5,000 for each violation, which shall accrue to the United States and may be recovered in a civil action brought by the United States.
Page 19 - A small business Investment company which is licensed by the Small Business Administration and operating under the Small Business Investment Act of 1958 and which is actively engaged in the business of providing funds to small business concerns under that Act. This paragraph shall not apply if any shareholder of the small business investment company owns at any time during the taxable year directly or Indirectly (including, In the case of an individual...
Page 6 - ... may from time to time by its rules and regulations and subject to such terms and conditions as may be prescribed therein, add...
Page 5 - ... (3) In agreements to participate in loans on a deferred basis under this subsection, such participation by the Administration shall not be in excess of 90 per centum of the balance of the loan outstanding at the time of disbursement.
Page 8 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation...
Page 3 - They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 18 - SEC. 1242. LOSSES ON SMALL BUSINESS INVESTMENT COMPANY STOCK. "If— "(1) a loss is on stock in a small business investment company operating under the Small Business Investment Act of 1958...
Page 15 - The foregoing powers shall be subject, however, to the following restrictions and limitations: (1) No financial assistance shall be extended pursuant to this subsection unless the financial assistance applied for is not otherwise available on reasonable terms.