Singapore legislation

Clause 63

Repeal and re-enactment of section 367

Section 367 of the Companies Act is repealed and the following section substituted therefor:“Penalty for carrying on business without registering a corporation and for improper use of words “Limited” and “Berhad”367.—

(1)

Any person who —

(a)

carries on business as a corporation without having the corporation duly registered;

(b)

uses or carries on business under any name of which “Limited” or “Berhad”, or any word or abbreviation with such meaning, is used without having a company duly incorporated or registered with limited liability; or

(c)

uses or carries on the business of a company or corporation under a different name from its registered name,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one thousand dollars and also to a default penalty.Restriction on the use of word “Sendirian” or “Private”(2) A company shall not use the word “Sendirian” or “Private” or any abbreviation thereof as part of its name if it does not fulfil the requirements required by this Act to be fulfilled by private companies and every corporation and every officer of a corporation who is in default shall be guilty of an offence and shall be liable on conviction to a fine not exceeding five thousand dollars and also to a default penalty.”.

Read in full context — Companies (Amendment) Bill →