Singapore legislation
Clause 7
Clause 7
Amendment of section 76D
Section 76D of the Companies Act is amended by inserting, immediately after subsection (4), the following subsection:“(4A) If the special resolution referred to in subsection (2) is proposed to be passed by written means under section 184A —
a person whose shares are proposed to be purchased or acquired or any of his associated persons shall not be regarded as a member having the right to vote on the resolution at a general meeting of the company for the purposes of section 184A;
subsection (7) does not apply; but all documents referred to in this section shall be given to all members having the right to vote on the resolution at a general meeting for the purposes of section 184A at or before the time —
agreement to the resolution is sought in accordance with section 184C; or
documents referred to in section 183(3A) in respect of the resolution are served on or made accessible to them in accordance with section 183(3A),as the case may be.”.