Singapore legislation
Clause 15
Clause 15
Amendment of section 106I
Section 106I of the Companies Act is amended —
(a)
by deleting subsection (1) and substituting the following subsection:“(1) Where an issuer intends to invoke an exemption under this Division other than an exemption under sections 106B(1), 106E and 106F, he shall lodge with the Registrar a report of his intention to issue the shares or debentures, in such form as may be prescribed at or before the time of invoking the exemption.”;
(b)
by deleting the word “sold” in subsection (2) and substituting the word “issued”; and
(c)
by deleting the word “sale” wherever it appears in subsections (3) and (5) and substituting in each case the word “issue”.