Singapore legislation

Clause 24

of Companies (Amendment) Bill

Clause 24

Amendment of section 400

Section 400 of the Companies Act is amended —

(a)

by deleting subsections (3), (4) and (8); and

(b)

by deleting subsection (10) and substituting the following subsection:“(10) In this section, a reference to an offer or offering of shares for subscription or purchase shall be construed as including an offer of shares by way of barter or exchange.”.

Clause 24 — Companies (Amendment) Bill | laws.sg