Singapore legislation
Regulation 3
of Electricity (Control of Designated Electricity Licensees, etc., under Part 4A) Regulations
Regulation 3
Meaning of equity interest in Part 4A of Act
Subregulation 1
For the purposes of Part 4A of the Act, “equity interest” —
in relation to a corporation, means a voting share in that corporation;
in relation to an entity other than a corporation, means any right or interest, whether legal or equitable, in that entity, by whatever name called, which gives the holder of that right or interest voting power in that entity; and
in relation to a business trust, means a unit in that business trust.
Subregulation 2
For the purpose of paragraph (1)(a), a person holds a voting share in a corporation if —
that person is deemed to have an interest in that share under section 7 of the Companies Act 1967; or
that person otherwise has a legal or an equitable interest in that share except for such interest as is to be disregarded under section 7 of the Companies Act 1967.
Subregulation 3
For the purpose of paragraph (1)(b), a person holds a right or an interest in an entity other than a corporation if that person has a legal or an equitable interest in that right or interest.
Subregulation 4
For the purpose of paragraph (1)(c), a person holds a unit in a business trust if that person has a legal or an equitable interest in that unit.