Singapore legislation
Clause 154
Clause 154
Registration and copies of certain resolutions and agreements
(1)
A printed copy of —
every special resolution; and
every resolution or agreement which effectively binds any class of shareholders whether agreed to by all the members of that class or not,shall except where otherwise expressly provided by this Act within one month after the passing or making thereof, be lodged by the company with the Registrar.[U.K.s. 143.][Aust. s. 146.]
(2)
Where articles have not been registered a printed copy of every resolution or agreement to which this section applies shall be forwarded to any member at his request on payment of one dollar or such less sum as the company directs.
(3)
In the event of any default in complying with subsection (1) of this section the company and every officer of the company who is in default shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding two hundred and fifty dollars and also to a default penalty.
(4)
In the event of any default in complying with the provisions of subsection (2) of this section the company and every officer of the company who is in default shall be guilty of an offence under this Act and shall be liable on conviction to a fine of twenty-five dollars for each copy in respect of which default is made.