The object of this Bill is to amend the Property Transfer  Act, so as to
 (a) extend the tax relief applicable to a company transferring the shares and a company receiving the shares that has been part of a group of companies which is subject of a group reorganization;
 (b) limit the forms of surrender or forfeiture of shares for no consideration that are exempt from property transfer tax; and
 (c) provide for matters connected with, or incidental to, the foregoing.