Singapore legislation
Clause 29
Clause 29
Amendment of section 81ZA
Section 81ZA(1) of the principal Act is amended by deleting paragraphs (b) and (c) and substituting the following paragraphs:“(b)the carrying on of any activity by the approved holding company other than such activity or such class of activities prescribed by regulations made under section 81ZK;
(c)
the acquisition by the approved holding company of a substantial shareholding in a corporation, which carries on any activity other than such activity or such class of activities prescribed by regulations made under section 81ZK;”.