Singapore legislation

Clause 63

of Variable Capital Companies (Miscellaneous Amendments) Bill

Clause 63

Miscellaneous amendments

The principal Act is amended —

(a)

by deleting the words “on behalf of” in the following provisions and substituting in each case the words “for the purpose of”:Sections 2(3)(a) and (c), 3(2)(e) and (g)(i) and (iv), 29(3)(a), 30(2) and 118(2);

(b)

by inserting, immediately after the words “this Act” in section 12(1)(a), the words “(including the Companies Act or the IRDA as applied by this Act)”;

(c)

by inserting, immediately after the words “this Act” in section 16(5)(c), the words “(including the Companies Act as applied by this Act)”;

(d)

by inserting, immediately after the words “this Act” in section 20(1), the words “(including the Companies Act as applied by this Act)”; and

(e)

by inserting, immediately after the words “this Act” in section 141(c), the words “(including, to avoid doubt, the provisions of the Companies Act and IRDA as applied by this Act)”.

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