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Table of Contents
Page Overview
AI Summary of 15. Amendment of section 198 of Principal Act
Section 198 of the Principal Act is amended in subsection (1) to replace the phrase "forwarded by the company concerned to the Registrar" with "delivered by the company concerned to the Registrar in such manner and form as may be prescribed." This change indicates a shift towards specifying the manner and form of delivery, suggesting a more formalised process for compliance.
The amendment aims to clarify the obligations of companies regarding their submissions to the Registrar, ensuring that all deliverables meet prescribed standards. This update may enhance the regulatory framework by increasing the consistency and reliability of submissions, thereby facilitating better oversight and administration within the regulatory environment.
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15. Amendment of section 198 of Principal Act
Section 198 of the Principal Act is amended, in subsection (1), by the substitution of "delivered by the company concerned to the Registrar in such manner and form as may be prescribed" for "forwarded by the company concerned to the Registrar".