Singapore legislation

Clause 9

Amendment of section 44

Section 44 of the Companies Act is amended —

(a)

by deleting the words “or proposed corporation” in the second and third lines of subsection (1); and

(b)

by deleting subsection (6) and substituting the following subsection:“(6) Nothing in this section applies to a prescribed corporation and nothing in this Act requires a prospectus to be issued in connection with —

(a)

an invitation issued by a prescribed corporation to the public to subscribe for or purchase debentures of a prescribed corporation;

(b)

an offer made by a prescribed corporation to the public of debentures of the prescribed corporation; or

(c)

any invitation to lend money to or deposit money with a prescribed corporation.”.

Read in full context — Companies (Amendment) Bill →