Companies Act |
Companies (Designated Interest) (Unit Trust) Notification 1998 |
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Citation and commencement |
1. This Notification may be cited as the Companies (Designated Interest) (Unit Trust) Notification 1998 and shall come into operation on 18th November 1998. |
Designated interest |
2. For the purposes of section 113A of the Act, there shall be designated as a "designated interest" any interest in a unit trust scheme or arrangement, which scheme or arrangement is made for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities and any other property. |
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R) F14.1.0018 Vol.3; AG/LEG/SL/50/96/2 Vol.1] |