965.11.1. A corporation that makes a public share issue, a convertible security issue or a non-guaranteed convertible security issue is a qualified corporation if, on the date of the receipt for the final prospectus or of the exemption from filing a prospectus,(a) it fulfills the requirements of paragraphs a to c of section 965.10;
(b) (paragraph repealed);
(c) its activity consists mainly in investing funds in the form of shares or capital stock of other corporations or in extending non-guaranteed loans;
(d) more than 50% of the value of the investments mentioned in paragraph c, as shown in its financial statements submitted to the shareholders for its last taxation year ended before that date, or, where such financial statements have not been prepared, or have not been prepared in accordance with generally accepted accounting principles, that would be shown if such financial statements had been prepared in accordance with generally accepted accounting principles, is constituted of investments in corporations that mainly carry on their activities in Québec and whose shares are not listed on a stock exchange;
(e) it participates in the administration of at least five different corporations described in paragraph d in which it holds investments mentioned in paragraph c;
(f) it attests to the Minister, in prescribed form, that it undertakes to fulfill the requirement of paragraph a, except where it refers to paragraph a.1 of section 965.10, as well as the requirements of paragraphs c to e, throughout the 24 months following that date.