Singapore legislation
Section 130
Section 130
Application and interpretation of this Division
(1)
This section has effect for the purposes of this Division but does not affect the operation of any other provision of this Act.
(2)
A reference to a corporation is a reference —
to a company any or all of the shares in which are listed for quotation on the official list of an approved exchange; or
to a corporation (not being a company, or a collective investment scheme constituted as a corporation) any or all of the shares in which are listed for quotation on the official list of an approved exchange, such listing being a primary listing.
(3)
In relation to a corporation the whole or a portion of the share capital of which consists of stock, an interest of a person in any such stock is deemed to be an interest in an issued share in the corporation having attached to it the same rights as are attached to that stock.
(4)
A reference to a member —
in relation to a company, means a person who is a member of the company under section 19(6) of the Companies Act 1967; and
in relation to a corporation (other than a company), means any person equivalent to a member of a company.
(5)
To avoid doubt, section 4 applies for the purpose of determining whether a person has an interest in securities or securities‑based derivatives contracts under this Division.
(6)
For the purposes of sections 133(3)(b)(i), 135(2)(b), 136(1), 137(1) and 137E(6), a person is conclusively presumed to have been aware of a fact or occurrence at a particular time —
of which he or she would, if he had acted with reasonable diligence in the conduct of his or her affairs, have been aware at that time;
where the person is a body corporate or unincorporated association (other than a partnership), of which its officer would, if he or she had acted with reasonable diligence in the conduct of its affairs, have been aware at that time;
where the person is a limited liability partnership, of which its partner or manager would, if he or she had acted with reasonable diligence in the conduct of its affairs, have been aware at that time; or
where the person is a partnership, of which its partner would, if he or she had acted with reasonable diligence in the conduct of its affairs, have been aware at that time.
(7)
In this section —
Definition
“officer” —
in relation to a body corporate, means a director, member of the committee of management, chief executive officer, manager, secretary or other similar officer of the body, and includes a person purporting to act in any such capacity; or
in relation to an unincorporated association (other than a partnership), means the president, the secretary, or a member of the committee of the association, or a person holding a position analogous to that of president, secretary or member of the committee, and includes a person purporting to act in such capacity;
Definition
“partner” includes a person purporting to act as a partner.