Singapore legislation
Section 110
Section 110
Interpretation of this Part
(1)
This section applies for the interpretation of the provisions of this Part, including provisions of the Companies Act 1967 applied by this Part.
(2)
A reference to a declared VCC is to a VCC declared by an order under section 111 as a VCC to which this Part applies.
(3)
A reference to an officer or agent of a corporation that is not a VCC includes —
a director, a banker, a solicitor or an auditor of the corporation;
a person who at any time —
has been a person mentioned in paragraph (a); or
has been otherwise employed or appointed by the corporation;
a person who —
has in the person’s possession any property of the corporation;
is a creditor of the corporation; or
is capable of giving information concerning the promotion, formation, trading, dealings, affairs or property of the corporation; and
where there are reasonable grounds for suspecting or believing that a person is a person mentioned in paragraph (c) — that person.
(4)
Except as otherwise provided in section 116(c), a reference to an officer or agent of a corporation that is a VCC includes —
a director, a banker, a solicitor or an auditor of the VCC or a person who has been such a person at any time;
the manager of the VCC, the custodian of the VCC (being a non‑umbrella VCC) or the custodian of a sub-fund of the VCC, or a person who has been such a person at any time;
a person who has been otherwise employed or appointed at any time by the VCC;
a person who —
has in the person’s possession any property of the VCC;
is a creditor of the VCC; or
is capable of giving information concerning the promotion, formation, trading, dealings, affairs or property of the VCC; and
where there are reasonable grounds for suspecting or believing that a person is a person mentioned in paragraph (d) — that person.