Answer:
INVESTMENT INCENTIVES
Industrial Development Zones
Home Investment Business in South Africa Industrial Development Zones
Industrial Development Zones Overview
Benefits of the Incentive Scheme
Restrictions on the incentive scheme
Requirements for an IDZ application:
Application for the IDZ designation
Applying for an IDZ permit
Guidelines
Contacts
INDUSTRIAL DEVELOPMENT ZONES OVERVIEW
An Industrial Development Zone (IDZ) is a purpose-built industrial estate linked to an international seaport or airport and which is capable of leveraging fixed direct investments in value-added and export-orientated manufacturing industries.
THE AIM OF THE IDZ PROGRAMME
Industrial Development Zones (IDZs) are intended to promote the competitiveness of the manufacturing sector and to encourage beneficiation of locally available resources. Support could either include a turn-about strategy to attract investment or include a national programme for economic development to increase exports and the competitiveness of South African products.
The options available are:
a) Must file annual and quarterly financial reports
b) Requirement to file depends on the company’s assets and shareholder base.
c) Not required to report information to the SEC.
d) Required to report major business developments and must file annual and quarterly financial reports.
Answer:
d) Required to report major business developments and must file annual and quarterly financial reports.
Explanation:
It is expected that firms or companies who regularly trades in securities on a national exchange is required by law under the United States security and exchange commission to report major business developments and must file annual and quarterly financial reports using form 10-K and form 10-Q made available by the security and exchange commission.
This is done by the filling the Form 10-K for yearly reports while Form 10-Q for their quarterly reports, and report the business advancement, for example, budgetary exchange, mergers, procurement and so forth to them consistently
Hence, Fancorp is required to report major business developments and must file annual and quarterly financial reports.
Answer:
I believe it is federal and state levels
Explanation: