Singapore legislation

Clause 21

of Companies (Amendment) Bill

Clause 21

Amendment of section 130A

Section 130A of the Companies Act is amended —

(a)

by deleting the words “as a bare trustee” in the definition of “Depository”;

(b)

by inserting, immediately after the word “convertibles” in the definition of “derivative instruments”, the words “, depository receipts”;

(c)

by inserting, immediately after the words “an international body” in paragraph (b) of the definition of “documents evidencing title”, the words “, or any other securities”; and

(d)

by deleting the definition of “securities” and substituting the following definition:“ “securities” has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289), and includes derivative instruments;”.