Singapore legislation

Clause 34

of Variable Capital Companies (Miscellaneous Amendments) Bill

Clause 34

Amendment of section 58

Section 58(2) of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (a); and

(b)

by deleting paragraph (b) and substituting the following paragraphs:“(b)any offence under section 157 or 396B of the Companies Act as applied by section 63 or 157, as the case may be; or

(c)

any offence under section 237 of the IRDA as applied by section 130,”.

Clause 34 — Variable Capital Companies (Miscellaneous Amendments) Bill