Document ID: chunk:federal_register_of_legislation:C2004A02473:body:0:p14
Version: federal_register_of_legislation:C2004A02473
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in force."; and
    (b) by omitting sub-section (2).

Investment of fund
37. Section 110 of the Principal Act is amended by omitting all the words after "corporation" and substituting "in respect of which a declaration made under paragraph 97 (7) (b) of the Companies Act 1981 is in force.".

Prohibition of dealings in securities by insiders
38. Section 128 of the Principal Act is amended—
    (a) by omitting from paragraph (8) (b) "Division 3a of Part IV of the Companies Ordinance 1962" and substituting "Division 4 of Part IV of the Companies Act 1981"; and
    (b) by omitting from sub-paragraph (8) (c) (ii) "Division 3a of Part IV of the Companies Ordinance 1962" and substituting "Division 4 of Part IV of the Companies Act 1981".

Compensation for loss, &c.
39. Section 130 of the Principal Act is amended by omitting paragraph (3) (b) and substituting the following paragraph:
    "(b) if the first-mentioned person has been found by a court to be liable, or has been ordered by a court, to pay an amount or amounts to any other person or persons under this Part or under sub-section 229 (6) of the Companies Act 1981 or under a corresponding provision of a previous law of the Territory by reason of the same act or transaction— the amount of that loss or profit less the amount or the sum of the amounts that the first-mentioned person has been so found to be liable, or has been so ordered, to pay.".

NOTE
   1. No. 66, 1980, as amended. For previous amendments, see No. 3, 1981.