Clause 3

by inserting immediately before the definition of “annual general meeting” appearing therein the following new definitions: —“ “accounting records”, in relation to a corporation, includes such working papers and other documents as are necessary to explain the methods and calculations by which accounts of the corporation are made up;“accounts” means profit and loss accounts and balance-sheets and includes notes or documents attached or intended to be read with any of those profit and loss accounts or balance-sheets;”;

by deleting the definition of “books” appearing therein and substituting therefor the following: —“ “books” includes any account, deed, writing or document and any other record of information however compiled, recorded or stored whether in written or printed form or microfilm by electronic process or otherwise;”;

by inserting immediately after the definition of “regulations” appearing therein the following new definition: —“ “related corporation”, in relation to a corporation, means a corporation that is deemed to be related to the first-mentioned corporation by virtue of section 6 of this Act;”;

by deleting the full-stop appearing at the end of the definition of “unlimited company” and substituting therefor a semi-colon; and

by inserting immediately after the definition of “unlimited company” appearing therein the following new definition: —“ “voting share”, in relation to a body corporate, means an issued share in the body corporate, not being —

a share to which, in no circumstances, is there attached a right to vote; or

a share to which there is attached a right to vote only in one or more of the following circumstances: —

during a period in which a dividend (or part of a dividend) in respect of the share is in arrear;

upon a proposal to reduce the share capital of the body corporate;

upon a proposal that affects rights attached to the share;

upon a proposal to wind up the body corporate;

upon a proposal for the disposal of the whole of the property, business and undertakings of the body corporate;

during the winding up of the body corporate.”.