Singapore legislation

Section 123

of Variable Capital Companies Act 2018

Section 123

Inspectors appointed in other countries

(1)

Where —

(a)

under a corresponding law of another country, an inspector has been appointed to investigate the affairs of a VCC; and

(b)

the Minister is of the opinion that, in connection with that investigation, it is expedient that an investigation be made in Singapore,the Minister may by notice declare that the inspector so appointed has the same powers and duties in Singapore in relation to the investigation as if the VCC were a declared VCC.

(2)

Upon the declaration, the inspector has the powers and duties mentioned in subsection (1).

Section 123 — Variable Capital Companies Act 2018 | laws.sg