Singapore legislation
Clause 3
Clause 3
Amendment of section 43
Section 43 of the Companies Act is amended by deleting subsection (2) and substituting the following subsections:“(2) Subsection (1) shall not apply if the form of application is issued, circulated or distributed in connection with —
an offer or invitation in respect of shares or debentures which is not made or issued to the public; or
an offer made or invitation issued to the public in respect of shares or debentures that is exempted under Division 5A of this Part.(2A) Nothing in this Division and Division 5 of this Part shall apply to an offer or invitation in respect of shares or debentures for sale to the public in a case where the offer or invitation relates to shares or debentures that have been previously issued and the shares or debentures are of a class that are listed for quotation on a stock exchange in Singapore approved by the Minister under section 16 of the Securities Industry Act [Cap. 289].”.