Singapore legislation
Clause 122
Clause 122
Power to impose restrictions on shares or debentures
(1)
Subject to section 5 and subsection (2), section 245 of the Companies Act applies in relation to an investigation under section 120 or 121 as it applies in relation to an investigation under section 243 or 244 of that Act.
(2)
Where the investigation relates solely to a sub-fund of an umbrella VCC, then the reference in section 245(1)(d) of the Companies Act to a liquidation is to a liquidation of the sub-fund.