Exchanges (Demutualisation and Merger) Act
(CHAPTER 99B)

  Table of Contents

  Long Title

  Preamble

1 Short title

2 Interpretation

3 Transfer date and designation of companies

4 Reduction of share capital of SES, SIMEX and SCCS

5 Capital creation and issue of shares of SES, SIMEX and SCCS

6 Allotment and issue of transferee holding company’s shares

7 Transfer of reserves of SES, SIMEX and SCCS

8 Sale of transferee holding company’s shares by special purpose company

9 Exemption from section 59 of Companies Act

10 Proceeds from sale of shares

11 Application of Companies Act to shares held by special purpose company

12 Application of Trustees Act to investment in transferee holding company

13 Listing of transferee holding company on stock exchange

14 Power to issue directives to transferee holding company

15 Control of substantial shareholdings in transferee holding company

16 Additional powers of Authority in respect of auditors

17 Jurisdiction of District Court

  Legislative History

  Comparative Table