Singapore legislation

Clause 59

of Companies (Amendment) Bill

Clause 59

Amendment of section 333

Section 333 of the Companies Act is amended by deleting subsection (5) and substituting the following subsection:“(5) Where an agent ceases to be an agent and if as a result the company is left with only one agent in Singapore, it shall, within twenty-one days after the agent ceases to be such, appoint another agent.”.