Singapore legislation

Section 106

of Variable Capital Companies Act 2018

Section 106

Penalty

(1)

Subject to section 5 and subsection (2), section 204 of the Companies Act 1967 applies with the necessary modifications in relation to a failure to comply with a provision of this Division (including a provision of that Act as applied by this Division) as it applies in relation to a failure to comply with the corresponding provision of Division 1 of Part 6 of that Act.

(2)

For the purpose of subsection (1) —

(a)

a reference in section 204 of the Companies Act 1967 to section 201(2) of that Act is to section 100(2);

(b)

a reference in section 204 of the Companies Act 1967 to section 201(5) of that Act is to section 100(3) and (4); (c)a reference in section 204 of the Companies Act 1967 to section 201(16) of that Act is to section 201(16) of that Act as applied by section 100(6); and

(d)

a reference in section 204(2) of the Companies Act 1967 to section 201 of that Act is to section 100.

Read in full context — Variable Capital Companies Act 2018 →