Singapore legislation

Clause 358

of Companies Bill

Clause 358

Form of registers etc.

(1)

For the purposes of this Act any register, index, minute book or book of account may be kept either by making entries in a bound book or by recording the matters in question in any other permanent manner.[U.K.s. 436.][Aust. s. 369.]

(2)

Where any register, index, minute book or book of account required by this Act to be kept is not kept by making entries in a bound book, but by some other means —

(a)

reasonable precautions shall be taken for guarding against falsification and for facilitating the discovery of any falsification; and

(b)

proper facilities shall be provided to enable the register, index, minute book or book of account to be inspected,and where default is made in complying with this subsection 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.