Singapore legislation

Clause 6

of Statutes (Miscellaneous Amendments) (No. 2) Bill

Clause 6

Amendment of Finance Companies Act

The Finance Companies Act (Cap. 108, 2011 Ed.) is amended —

(a)

by deleting the word “ACCOUNTS” in the heading to Part VII and substituting the words “FINANCIAL STATEMENTS”;

(b)

by deleting the words “profit and loss account and balance‑sheet made out under section 201(1) and (3)” in section 40 and substituting the words “financial statements made under section 201(1) and (2)”;

(c)

by deleting the words “profit and loss account” in the section heading of section 40 and substituting the words “financial statements”;

(d)

by deleting the word “accounts” in section 41(4) and substituting the words “financial statements”; and

(e)

by deleting the words “balance-sheet and the profit and loss account” in section 41(6) and substituting the words “financial statements”.