Singapore legislation

Clause 2

of Bus Services Licensing Authority (Amendment) Bill

Clause 2

Amendment of section 2

Section 2 of the Bus Services Licensing Authority Act, 1971 (hereinafter in this Act referred to as “the principal Act”) is hereby amended —

(a)

by inserting immediately above the definition of “the Authority” appearing therein the following new definition: —“ “affairs” in relation to a licensee includes —

(a)

the promotion, formation, membership, control, trading, dealings, business and property of the licensee;

(b)

the ownership of shares in, debentures of and interests made available by the licensee;

(c)

the ascertainment of the persons who are or have been financially interested in the success or failure or apparent success or failure of the licensee or are or have been able to control or materially to influence the policy of the licensee; and

(d)

the circumstances under which a person acquired or disposed of or became entitled to acquire or dispose of shares in, debentures of or interests made available by the licensee;”; and

(b)

by deleting the definition of “licensee” appearing therein and substituting therefor the following new definitions: —“ “licensee” means a person to whom a bus service licence has been granted under this Act and includes any company which an inspector appointed under this Act thinks necessary to investigate the affairs of the company pursuant to subsection (1) of section 9B of this Act;“officer or agent”, in relation to a licensee, includes —

(a)

a director, banker, solicitor or auditor of the licensee;

(b)

a person who at any time —

(i)

has been a person referred to in paragraph (a) of this definition; or

(ii)

has been otherwise employed or appointed by the licensee;

(c)

a person who —

(i)

has in his possession any property of the licensee; or

(ii)

is indebted to the licensee; or

(iii)

is capable of giving information concerning the promotion, formation, trading, dealings, affairs or property of the licensee; and

(d)

where there are reasonable grounds for suspecting or believing that a person is a person referred to in paragraph (c) of this definition — that person.”.”.