On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 14/02/2011.
PART XI
TRANSFER OF BUSINESS AND SHARES AND RESTRUCTURING OF BANK
25. For the purposes of section 55C(2)(d) of the Act, the transferor shall publish the following particulars:
(a)
the names of the transferor and the transferee;
(b)
a summary of the transfer, including a description of the nature and the effect of the transfer; and
(c)
the addresses of the respective offices of the transferor and transferee at which, and the period during which, the report referred to in section 55C(2)(a) of the Act would be kept for inspection by any person who may be affected by the transfer.
[S 238/2007 wef 11/06/2007]
26. For the purposes of section 55F(2) of the Act, the certificate of transfer shall specify the following information:
(a)
the names of the transferor and transferee;
(b)
whether the transfer is of the whole or part of the business of the transferor, and if it is part of the business, a description of the part of the business to be transferred; and
(c)
details of the determination made by the Authority for the transfer.
[S 238/2007 wef 11/06/2007]
27. For the purposes of section 55J(2) of the Act, the certificate of transfer shall specify the following information:
(a)
the names of the transferor and transferee;
(b)
the class and number of shares to be transferred; and
(c)
details of the determination made by the Authority for the transfer.
[S 238/2007 wef 11/06/2007]
28. For the purposes of section 55M(2) of the Act, the certificate of transfer shall specify the following information:
(a)
the amount by which the share capital of the bank is to be reduced and the number of shares that are to be cancelled, or the names of the subscribers (if any) and the number of shares to be issued to each of them, or both, as the case may be; and
(b)
details of the determination made by the Authority for the restructuring.
[S 238/2007 wef 11/06/2007]