Singapore legislation
Clause 14
Clause 14
Amendment of section 106F
Section 106F of the Companies Act is amended by deleting subsection (2) and substituting the following subsection:“(2) For the purposes of this section —
(a)
shares are uniform in all respects with shares previously issued notwithstanding that they do not carry the same rights to dividends as the latter during the 12 months immediately following the issue; and
(b)
a statement of material facts referred to in subsection (1) shall be deemed to be a prospectus for the purposes of sections 55 and 56.”.