Examples of Bermuda Act in a sentence
Upon receiving the requisition, the Company would take appropriate actions and make necessary arrangements in accordance with the requirements under the provisions as stated in Sections 79 and 80 of the Bermuda Act.
Against this distinctive local legislative background, it is difficult to see how more restrictive interpretations of the meaning of the word “services” in British equality legislation which did not have supremacy provisions corresponding to those in sections 29 and 31 of the Bermuda Act have any relevance, let alone persuasive force under Bermuda human rights law6, particularly if the 1981 Act is construed so as to give the rights protected a broad and generous effect.
The Board has been established pursuant to Section 8A of the Institute of Chartered Accountants of Bermuda Act 1973 (“the ICAB Act”).
Section 103(1) of the Bermuda Act has no equivalent in Singapore.
Where the Company holds the purchased Shares as treasury shares, the Company may deal with such treasury shares in such manner as may be permitted by and in accordance with the Bermuda Act.
In an Off-Market Purchase, the Directors may impose such terms and conditions, which are not inconsistent with the Share Purchase Mandate, the Listing Manual, the Bermuda Act, the Memorandum of Association and the Bye-laws, and other applicable laws and regulations, as they consider fit in the interests of the Company in connection with or in relation to any equal access scheme(s).
All Shares purchased by the Company (other than treasury shares held by the Company to the extent permitted under the Bermuda Act) will be automatically de-listed by the SGX-ST, and certificates in respect thereof will be cancelled and destroyed by the Company as soon as reasonably practicable following settlement of any such purchase or acquisition.
Clause 6 of the Memorandum of Association also sets out the objects for which the Company was formed, including acting as a holding and investment company, and its powers, including the powers set out in the First Schedule to the Bermuda Act, excluding paragraph 8 thereof and clause 7 of the Memorandum of Association sets out the powers of the Company.
The Bermuda Act permits a company to issue preference shares and subject to the conditions stipulated therein to convert those preference shares into redeemable preference shares.
Under the Bermuda Act, Shares purchased or acquired by the Company may be held or dealt with as treasury shares.