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Government-Mandated "Social Fund" Levied Solely on Grenlec Prompts Lawsuit, Suspension of GCPI Grants

Tuesday, 13 February 2018: Grenlec is challenging the constitutionality of Government’s newly-legislated five percent (5%) “Social Fund” levied solely on the Company. On Monday, 12 February 2018, Grenlec filed a lawsuit to protect the rights of its nearly 1600 shareholders.
Tuesday, February 13, 2018/Author: GRENLEC Blogger/Number of views (78)/Comments (0)/
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New Government Legislation Effectively Kills Grenlec’s Community Programmes

New Government Legislation Effectively Kills Grenlec’s Community Programmes

Grenlec is strongly objecting to legislation proposed by the Government of Grenada requiring the Company to pay five percent (5%) of Grenlec’s pre-tax profits to a Government-controlled “Social Fund” controlled by the Minister and a Minister-appointed committee. 
Friday, November 24, 2017/Author: GRENLEC Blogger/Number of views (1783)/Comments (0)/
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Monday, November 13, 2017/Author: GRENLEC Blogger/Number of views (335)/Comments (0)/
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Thursday, October 26, 2017/Author: GRENLEC Blogger/Number of views (0)/Comments (0)/
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Thursday, October 5, 2017/Author: GRENLEC Blogger/Number of views (450)/Comments (0)/
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