On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 29/04/2011.
16. The Companies Act (Cap. 50) is amended —
(a)
by deleting the words “41(1)(b) of the Insurance Act” in section 145(6) and substituting the words “41(2)(a)(ii) of the Insurance Act”;
(b)
by inserting, immediately after the words “banking corporation” in section 210(3A), the words “or registered insurer, as the case may be”;
(c)
by deleting subsection (4A) of section 210 and substituting the following subsection:
“(4A) The Court shall not approve any compromise or arrangement which has been proposed for the purposes of or in connection with any scheme referred to in section 212(1) under which the whole or any part of the undertaking or the property of a banking corporation incorporated in Singapore or registered insurer incorporated in Singapore is to be transferred, unless the Minister charged with the responsibility for banking or insurance matters, as the case may be, has consented to the compromise or arrangement or has certified that his consent is not required.”; and
(d)
by deleting subsection (1A) of section 212 and substituting the following subsection:
“(1A) Without prejudice to section 210(4A), the Court shall not make any order providing for the transfer of the whole or any part of the undertaking or the property of a banking corporation incorporated in Singapore or registered insurer incorporated in Singapore unless the Minister charged with the responsibility for banking or insurance matters, as the case may be, has consented to the transfer or has certified that his consent is not required.”.