Singapore legislation

Clause 71

Amendment of Ninth Schedule

The Ninth Schedule to the Companies Act is amended —

(a)

by deleting sub-paragraphs (b) and (c) of paragraph 1 and substituting the following sub-paragraph:“(b)the gross income before deduction of income tax from investments distinguishing between income received from the following:

(i)

quoted investments in subsidiaries;

(ii)

unquoted investments in subsidiaries;

(iii)

quoted equity investments in companies other than subsidiaries;

(iv)

unquoted equity investments in companies other than subsidiaries;

(v)

other quoted investments; and

(vi)

other unquoted investments;”;

(b)

by re-lettering sub-paragraphs (d) to (n) of paragraph 1 as sub-paragraphs (c) to (m) respectively; and

(c)

by deleting sub-paragraph (1)(h) of paragraph 2 and substituting the following sub-paragraph:“(h)under separate headings, stating the method used to arrive at the amount of the investments under each heading and showing the quoted market values of investments which are quoted or dealt in on any prescribed Stock Exchange in Singapore or elsewhere —

(i)