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laws.sgby aturio
In forceAmended2020 Revised Edition
Contents

Part 4 · Shares, Debentures and Charges

76G. Reduction of capital or profits or both on cancellation of repurchased shares

Amended

Last amended by an amending law of 2014.

(1)

Where under section 76C, 76D, 76DA or 76E, shares of a company are purchased or acquired, and cancelled under section 76B(5), the company must —

(a)

reduce the amount of its share capital where the shares were purchased or acquired out of the capital of the company;

(b)

reduce the amount of its profits where the shares were purchased or acquired out of the profits of the company; or

(c)

reduce the amount of its share capital and profits proportionately where the shares were purchased or acquired out of both the capital and the profits of the company,by the total amount of the purchase price paid by the company for the shares cancelled.

(2)

For the purpose of subsection (1), the total amount of the purchase price referred to in that subsection includes any expenses (including brokerage or commission) incurred directly in the purchase or acquisition of the shares of a company which is paid out of the company’s capital or profits under section 76F(1).

Report

Read on from s 76H

Part 5

Management and Administration

Read on from Part 5

Part 6

Financial Statements and Audit

Read on from Part 6

Part 7

Arrangements, Reconstructions and Amalgamations

Read on from Part 7

Part 8

Read on from Part 8

Part 8A

Read on from Part 8A

Part 9

Investigations

Read on from Part 9

Part 10

Dissolution

Read on from Part 10

Part 10A

Transfer of Registration

Read on from Part 10A

Part 11

Various Types of Companies, Etc.

Read on from Part 11

Part 11A

Register of Controllers, Nominee Directors and Nominee Shareholders of Companies

Read on from Part 11A

Part 12

General

Read on from Part 12

Schedules

Read on from Schedules