Singapore legislation
Clause 60
Clause 60
Amendment of section 328
Section 328 of the Companies Act is amended —
by deleting the words “4 months” in subsection (1)(b) and substituting the words “12 months”;
by deleting the word “fourthly” in subsection (1)(d) and substituting the word “fifthly”, and by deleting the word “fifthly” in subsection (1)(e) and substituting the word “fourthly”, and by renumbering subsection (1)(d) as (1)(e) and subsection (1)(e) as (1)(d); and
by inserting, immediately after the word “include” in the third line of subsection (2), the words “all arrears of”, and by inserting, immediately after the word “be” at the end of that subsection, the words “, and any gratuity or retrenchment benefit payable to an employee on termination of his employment”.