Clause 26

by inserting, immediately after the word “company” where it first occurs in the third line of subsection (2), the words “(other than an exempt private company)” and by inserting, immediately after the word “such” in the third line, the word “other”;

by inserting, immediately after the word “company” where it first occurs in the second line of subsection (4)(a), the words “(whether that company is incorporated in Singapore or otherwise)”; and

by deleting the words “recovery of any loan or the enforcement of any guarantee or security whether made or given by the company or any other person” in subsection (6) and substituting the words “company from recovering the amount of any loan or amount for which it becomes liable under any guarantee entered into or in respect of any security given contrary to this section”.