12. Upon receipt of the application, the Corporation shall send a copy of it to the Minister and shall investigate to determine whether the grant of the financial assistance applied for would have the effect of promoting the achievement of the purposes contemplated in paragraph a, b or c of section 2, or in the second paragraph of such section, as the case may be, and whether the business for which assistance is applied for fulfils the conditions required by this act and the regulations.
1971, c. 64, s. 12; 1974, c. 56, s. 7.