Companies Act amendment broadens securities-related schemes and revises penalty wording under section 42. Section 42 is amended to substitute the marginal heading from shares to securities, expand sub-section (2) to include other schemes linked to the value of a company's share capital, and replace the phrase 'which may extend to' in sub-section (10) with 'equivalent to.'
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Companies Act amendment broadens securities-related schemes and revises penalty wording under section 42.
Section 42 is amended to substitute the marginal heading from shares to securities, expand sub-section (2) to include other schemes linked to the value of a company's share capital, and replace the phrase "which may extend to" in sub-section (10) with "equivalent to."
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