Clause 16

by deleting the words “section 130C of the Companies Act (Cap. 50)” in paragraph (b) of the definition of “chargeable property” in section 31(3) and substituting the words “section 81SH of the Securities and Futures Act (Cap. 289)”; (b)by deleting the words “section 130C of the Companies Act (Cap. 50)” in section 32C(3)(b) and substituting the words “section 81SH of the Securities and Futures Act”; (c)by deleting the word “Where” in section 33 and substituting the words “Subject to subsection (2), where”; and

by renumbering section 33 as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) Subsection (1) shall not apply to a disposal of shares made for the purpose of effecting an amalgamation of companies under section 215D of the Companies Act (Cap. 50).”.