Singapore legislation
Clause 119
Clause 119
Consequential amendments to Companies Act
The Companies Act (Cap. 50) is amended —
by deleting paragraph (a) of section 79(2);
by repealing section 92;
by inserting, immediately after the words “section 165(1)(a)” in section 164(5), the words “of this Act or section 133(1)(a), (b), (c), (d) or (e) of the Securities and Futures Act (Cap. 289)”;
by inserting, immediately after the words “section 165(1)(b)” in section 164(6), the words “of this Act or section 133(1)(g) (in respect of a change in the particulars of any matter referred to in section 133(1)(a) to (e)) of the Securities and Futures Act”;
by inserting, immediately after the words “section 165” in section 164(12), the words “of this Act or (as the case may be) section 133 of the Securities and Futures Act (Cap. 289)”;
by inserting, immediately after subsection (9) of section 165, the following subsection:“(10) Subsection (1)(a) and (b) shall not apply to a person —
who is a director of a company all or any of the shares of which are listed for quotation on the official list of a securities exchange as defined in the Securities and Futures Act; and
who is required to make disclosure of the matters referred to in subsection (1)(a) and (b) of this section under section 133 of that Act.”; and
by repealing section 166.