Singapore legislation
Clause 8
Clause 8
Amendment of section 67
Section 67 of the principal Act is hereby amended —
(a)
by inserting immediately after the word “company” appearing in the seventh and in the ninth lines of paragraph (b) of subsection (2) thereof in each case the words “or a subsidiary of the company”;
(b)
by inserting immediately after the word “company” appearing in the sixth line of paragraph (c) of subsection (2) thereof the words “or its holding company”; and
(c)
by inserting immediately after the word “dollars” appearing at the end of subsection (3) thereof the expression “and any transfer or allotment of shares pursuant to a purchase or dealing prohibited by subsection (1) of this section shall be void”.