Exchanges (Demutualisation and Merger) (Amendment) Bill

The Exchanges (Demutualisation and Merger) (Amendment) Bill aims to amend the existing Exchanges (Demutualisation and Merger) Act. It allows the special purpose company to participate in rights issues, scrip dividend schemes, and other corporate actions with ministerial approval. The Bill removes outdated provisions related to the par value of shares and obsolete references, including the repeal of a section concerning district court powers. No additional financial expenditure from the government is anticipated as a result of this amendment.