Exemption (1) Any local company or foreign company which satisfies the Council that it did not or does not have any employee during the period specified in the first column of the Schedule shall be exempted from section 5 (1) of the Act for the year specified in the second column of the Schedule.
(2) For the purposes of satisfying the Council that it did not or does not have any employee during the period specified in the first column of the Schedule, the local company or foreign company shall submit to the Council -