Clause 337

Where, on the registration of a company as a foreign company or on the lodging by a foreign company of a notice under subsection (2) of section 335 the Registrar certifies in writing that he is satisfied that the company has established in Singapore a share transfer or share registration office but has not otherwise carried on, is not otherwise carrying on and does not propose otherwise to carry on business in Singapore, the liability to pay such part, if any, of the fee payable under item 18 or 19 of the Second Schedule in respect of the registration or the lodging of the notice as exceeds one thousand dollars is, by force of this section, suspended until the company commences otherwise to carry on business in Singapore or fails to comply with subsection (2) of this section, whichever first occurs, but thereupon the company is liable to pay to the Registrar that part of that fee.[Aust.s. 349.]

A company shall, so long as a suspension under subsection (1) of this section of liability to pay a fee in respect of the company continues, lodge with the Registrar in each year at the time when a copy of its balance-sheet is lodged with the Registrar a notice in the prescribed form containing the prescribed particulars with respect to the business being carried on in Singapore by the company.

Where a foreign company in respect of which the Registrar has issued a certificate under subsection (1) of this section commences to carry on business in Singapore otherwise than by reason of establishing or using a share transfer or share registration office, the company shall, within fourteen days after so commencing, lodge with the Registrar notice thereof in the prescribed form.