Singapore legislation

Section 79

of Variable Capital Companies Act 2018

Section 79

Convening of extraordinary general meeting on requisition and calling of meetings

Sections 176 and 177 of the Companies Act 1967 apply in relation to a VCC as they apply in relation to a company with a share capital, subject to section 5 and the following modifications:

(a)

a reference to treasury shares in sections 176(1A) and 177(1) of the Companies Act 1967 is to shares held by a subsidiary of a VCC under section 22(6) or (11) (if any);

(b)

section 177(4) of the Companies Act 1967 is omitted;

(c)

all references relating to a company not having a share capital are omitted.