Singapore legislation

Clause 13

of Variable Capital Companies (Miscellaneous Amendments) Bill

Clause 13

Amendment of section 2

Section 2 of the Stamp Duties Act (Cap. 312) is amended —

(a)

by deleting the words “or society” in the definition of “stock” and substituting the words “, society or VCC”;

(b)

by deleting the full-stop at the end of the definition of “stock” and substituting a semi‑colon, and by inserting immediately thereafter the following definition:“ “VCC Act” means the Variable Capital Companies Act 2018 (Act 44 of 2018).”; and

(c)

by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) The following terms have the meanings given to them in the VCC Act:

(a)

share, in relation to a VCC;

(b)

sub-fund;

(c)

non-umbrella VCC;

(d)

umbrella VCC;

(e)

VCC.”.

Read in full context — Variable Capital Companies (Miscellaneous Amendments) Bill →