Singapore legislation

Clause 32

of Variable Capital Companies (Miscellaneous Amendments) Bill

Clause 32

Amendment of section 56

Section 56 of the principal Act is amended —

(a)

by deleting the words “section 291(1) of the Companies Act” in subsection (6)(a)(ii) and substituting the words “section 161(1) of the IRDA”;

(b)

by deleting the words “section 254(2) of the Companies Act” in subsection (6)(b) and substituting the words “section 125(2) of the IRDA”; and

(c)

by deleting the words “section 259 of the Companies Act” in subsection (9)(c) and substituting the words “section 130(1) of the IRDA”.

Clause 32 — Variable Capital Companies (Miscellaneous Amendments) Bill