/akn/sg/act/bill/1975/56

Companies (Amendment No. 2) Bill

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Type
Bill
Status
In force
Enacted
1975
Sections
2

Quick answer

About this bill

Companies (Amendment No. 2) Bill is Singapore Bill, cited as Bill 56 1975, currently marked in force and first recorded in 1975.

Clause 1

Short title and commencement

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This Act may be cited as the Companies (Amendment No. 2) Act, 1975, and shall be deemed to have come into operation on the 1st day of November 1975.

Clause 2

Amendment of section 74

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Section 74 of the Companies Act is hereby amended by inserting immediately after subsection (5) thereof the following new subsections: —“(5A) Nothing in this section shall apply to a prescribed corporation, and a prescribed corporation which offers debentures to the public for subscription or purchase in Singapore shall not be required to make provision in those debentures or in a trust deed relating to those debentures for the appointment of a trustee corporation as trustee for the holders of the debentures.(5B) In subsection (5A) of this section, “prescribed corporation” means a corporation or class of corporation which has been declared by the Minister by notification in the Gazette to be a prescribed corporation for the purposes of this subsection.(5C) The Minister may by notification in the Gazette —

(a)

specify terms and conditions to which subsection (5A) shall have effect in relation to a corporation specified in subsection (5B) of this section; or

(b)

vary or revoke any declaration or specification made under this subsection.”.

Common questions

What is Companies (Amendment No. 2) Bill?
Companies (Amendment No. 2) Bill is Singapore Bill, cited as Bill 56 1975, currently marked in force and first recorded in 1975.
Is Companies (Amendment No. 2) Bill still in force?
Yes — Companies (Amendment No. 2) Bill is currently in force.
When did Companies (Amendment No. 2) Bill take effect?
Companies (Amendment No. 2) Bill was first recorded in 1975.
How many clauses does Companies (Amendment No. 2) Bill have?
Companies (Amendment No. 2) Bill contains 2 clauses.
Where can I read the official version of Companies (Amendment No. 2) Bill?
The official text of Companies (Amendment No. 2) Bill is published at sso.agc.gov.sg.