Minimum training requirement for tonnage tax company - Section 115VU

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..... 115VU A tonnage tax company, after its option has been approved under section 115VP(3) , shall comply with the minimum training requirement in respect of trainee officers in accordance with the .....

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..... guidelines for the previous year. Consequences if minimum training requirement is not completed:- If the minimum training requirement is not complied with for any five consecutive previous years, .....

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