Clause 29
Amendment of section 81ZA
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 29 of 213
Clause 29
Section 81ZA(1) of the principal Act is amended by deleting paragraphs (b) and (c) and substituting the following paragraphs:“(b)the carrying on of any activity by the approved holding company other than such activity or such class of activities prescribed by regulations made under section 81ZK;
(c)
the acquisition by the approved holding company of a substantial shareholding in a corporation, which carries on any activity other than such activity or such class of activities prescribed by regulations made under section 81ZK;”.