Singapore legislation
Clause 33
Clause 33
Amendment of section 37L
Section 37L of the principal Act is amended —
(a)
by deleting the words “subsection (16)(c)(v) and (d)(v)” in subsection (16E) and substituting the words “subsections (16)(c)(v) and (d)(v) and (17)(db)”; and
(b)
by inserting, immediately after paragraph (da) of subsection (17), the following paragraph:“(db)where the qualifying acquisition is one mentioned in subsection (4A)(a) or (b), the acquiring company or the acquiring subsidiary (as the case may be) fails to satisfy any condition prescribed under subsection (16E);”.