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Singapore Companies Amendment Act 2005
The Amendment is effective as of January 30, 2006 and incorporates
changes primarily to the share capital and the capital maintenance
regime including:
a) abolishes par value (nominal value) for shares and authorised
capital;
b) makes transitional provisions for all companies with a share capital;
c) allows companies to give financial assistance to third parties in
specified circumstances;
d) allows companies to reduce their share capital without a court order;
e) allows redemption of redeemable preference shares out of capital or
profits;
f) allows companies to buy back shares out of capital or profits;
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