Singapore legislation
Clause 34
Clause 34
Consequential amendment to Companies Act
Section 34 of the Companies Act (Cap. 50) is repealed and the following section substituted therefor:“Alteration of memorandum by company pursuant to repeal and re-enactment of sections 10 and 14 of Residential Property Act34.—
Where the memorandum of a company contains any of the provisions referred to in section 10(1) of the Residential Property Act (Cap. 274) in force immediately before the date of commencement of section 9 of the Residential Property (Amendment) Act 2006, the company may, by special resolution, amend its memorandum to remove that provision.(2) Where the memorandum of a company contains a provision to the effect that its memorandum or articles of association shall not be altered to remove any of the provisions referred to in section 10(1) of the Residential Property Act in force immediately before the date of commencement of section 9 of the Residential Property (Amendment) Act 2006 except in accordance with the requirements of that Act —
that provision shall cease to have effect as from that date; and
the company may, by special resolution, amend its memorandum to remove that provision.”.