Singapore legislation

Clause 59

of Business Trusts (Amendment) Bill

Clause 59

Amendment of section 114

Section 114 of the principal Act is amended —

(a)

by deleting the words “annual accounts” in subsection (2)(d) and substituting the words “annual financial statements”; and

(b)

by inserting, immediately after paragraph (a) of subsection (3), the following paragraphs:“(aa)may relate to all, or any class, category or description of persons, trustee‑managers or business trusts, and may make different provisions for different classes, categories or descriptions of persons, trustee‑managers or business trusts, or to a particular person, trustee‑manager or business trust;

(ab)may contain provisions of a saving or transitional nature;”.

Clause 59 — Business Trusts (Amendment) Bill | laws.sg