Singapore legislation

Regulation 2

of Gas (Control of Designated Gas Licensees, etc., under Part 7B) Regulations 2025

Regulation 2

Definitions

In these Regulations —“acquiring party” means —

(a)

any person who is required to obtain the Authority’s approval under section 63B(3) of the Act; or

(b)

any person, other than a designated gas licensee, a designated entity or the trustee‑manager of a designated business trust, who is required to obtain the Authority’s approval under section 63B(4) of the Act;“divesting party” means any person who is required to obtain the Authority’s approval under section 63B(3A) of the Act;“related corporation”, in relation to a corporation, means a corporation that is deemed to be related to the firstmentioned corporation under section 6 of the Companies Act 1967;“treasury share” has the meaning given by section 4(1) of the Companies Act 1967;“unit” has the meaning given by section 2 of the Business Trusts Act 2004;“voting share” has the meaning given by section 4(1) of the Companies Act 1967 but excludes a treasury share.

Definition

“acquiring party” means —

(a)

any person who is required to obtain the Authority’s approval under section 63B(3) of the Act; or

(b)

any person, other than a designated gas licensee, a designated entity or the trustee‑manager of a designated business trust, who is required to obtain the Authority’s approval under section 63B(4) of the Act;

Definition

“divesting party” means any person who is required to obtain the Authority’s approval under section 63B(3A) of the Act;

Definition

“related corporation”, in relation to a corporation, means a corporation that is deemed to be related to the firstmentioned corporation under section 6 of the Companies Act 1967;

Definition

“treasury share” has the meaning given by section 4(1) of the Companies Act 1967;

Definition

“unit” has the meaning given by section 2 of the Business Trusts Act 2004;

Definition

“voting share” has the meaning given by section 4(1) of the Companies Act 1967 but excludes a treasury share.