Singapore legislation

Clause 3

of Companies (Amendment) Bill

Clause 3

Amendment of section 210

Section 210(3AA) of the Companies Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)in the case of a company in the course of being wound up, on the liquidator and contributories of the company, and on all —

(i)

the creditors or class of creditors;

(ii)

the members or class of members; or

(iii)

the holders of units of shares or class of holders of units of shares,as the case may be; or”.