Singapore legislation
Clause 3
Clause 3
Amendment of section 4
Section 4(1) of the Companies Act is amended by inserting, immediately after the definition of “telecommunication system”, the following definition:“ “treasury share” means a share which —
(a)
was (or is treated as having been) purchased by a company in circumstances in which section 76H applies; and
(b)
has been held by the company continuously since the treasury share was so purchased;”.