Companies Act (Cap. 386), article 206

206. Where immediately before 1st January, 1995 a company was authorised by a provision of its articles to apply its unre alised profits in paying up in full or in part unissued shares to be a llotted to members of the company as fully or partly paid bonus shares, that provision shall continue, subject to any alteration of the articles, as authority for those profits to be so applied after that date. Interpretations for the purposes of this Chapter.