Companies Ordinance Cap 32
Section Num: 48F Version Date 11/11/1999
Provision for extending or restricting relief from section 48B
(1) The Financial Secretary may make regulations to make such provision as appears to him to be appropriate-
(a) for relieving companies from the requirements of section 48B in relation to premiums other than cash premiums; or
(b) for restricting or otherwise modifying any relief from those requirements provided by sections 48C to 48E. <* Note - Exp. X-Ref.: Sections 48C, 48D, 48E *>
(2) Regulations made under this section may make different provision for different cases or classes of case and may contain such incidental and supplementary provisions as the Financial Secretary thinks fit.
(3) No regulations shall be made under this section unless a draft of them has been laid before and approved by resolution of the Legislative Council and section 34 of the Interpretation and General Clauses Ordinance (Cap 1) shall not apply to such regulations.
(Added 30 of 1999 s. 5)
[cf. 1985 c. 6 s. 134 U.K.]