Singapore legislation
Clause 37
Clause 37
Application of provisions of Division 5 of Part IV of Companies Act
(1)
Sections 93, 94, 95, 96 and 100 of the Companies Act apply in relation to a VCC and debentures issued by it as they apply in relation to a company or a corporation (as the case may be) and debentures issued by it, subject to section 5 and the modifications in subsection (2).
(2)
The modifications are as follows:
in addition to the information in section 93(3) of the Companies Act, the register of holders of debentures required to be kept by a VCC under section 93(1) of that Act as applied by subsection (1) must contain, where the debenture in question is a debenture of a sub‑fund, the name and registration number of the sub‑fund;
subsection (8) of section 93 of the Companies Act is omitted;
a reference in sections 95 and 96 of the Companies Act to 29 December 1967 is to the date of commencement of this Act;
a reference in section 100 of the Companies Act to a borrowing corporation is to a borrowing VCC.