s 34 Application and interpretation of this section and sections 35 to 42
34.—(1) This section and sections 35 to 42 apply to, and in relation to, all individuals whether resident in Singapore or not and whether citizens of Singapore or not, and to all bodies corporate or unincorporate, whether incorporated or carrying on business in Singapore or not. (2) In sections 35 to 42, unless the context otherwise requires —“arrangement” includes any formal or informal scheme, arrangement or understanding, and any trust whether express or implied; “share” includes stock except where a distinction between stock and shares is expressed or implied; “substantial shareholder” has the meaning given by section 81 of the Companies Act 1967, with the reference to a company in the definition replaced with a reference to a VCC where the entity concerned is a VCC;[S 26/2022 wef 13/01/2022] “voting share” has the meaning given by section 4(1) of the Companies Act 1967. (3) In determining whether a person is a substantial shareholder of a VCC that is an umbrella VCC for the purposes of the definition of “substantial shareholder” in subsection (2), a reference in that definition to voting shares in a VCC is to voting shares that are issued in respect of one or more sub-funds of the umbrella VCC.[S 26/2022 wef 13/01/2022]