Clause 20

by deleting the words “or any of its shares are deemed to have been allotted under subsection (7)” in the 2nd and 3rd lines of subsection (1) and substituting the words “, other than a deemed allotment,”; (b)by deleting the words “one month” in the 3rd line of subsection (1) and substituting the words “14 days”; (c)by deleting paragraph (d) of subsection (1) and substituting the following paragraph:“(d)the full name, identification, nationality (if such identification or nationality, as the case may be, is required by the Registrar) and address of, and the number and class of shares held by —

each of its members; or

if it has more than 50 members as a result of the allotment, each of the 50 members who, following the allotment, hold the most number of shares in the company.”;

by inserting, immediately after subsection (1), the following subsection:“(1A) A return of allotments referred to in subsection (1) by a company the shares of which are listed on a stock exchange in Singapore need not state the particulars referred to in subsection (1)(d).”; (e)by deleting subsection (3); (f)by deleting the words “or deemed to have been allotted” in the 1st and 2nd lines of subsection (4);

by deleting the words “or are deemed to have been allotted” in the 1st and 2nd lines of subsection (6); and

by deleting subsection (7) and substituting the following subsection:“(7) In this section, “deemed allotment” means an issue of shares without formal allotment to subscribers to the memorandum.”.