Singapore legislation
Clause 51
Clause 51
Amendment of section 233
Section 233 of the Companies Act is amended —
by inserting, immediately after the word “shall” in the seventh line and in the penultimate line of subsection (1), the words “subject to subsection (1B)”;
by inserting, immediately after subsection (1), the following subsections:“(1A) Subject to subsections (1B) and (1C), the Minister shall give a copy of a report made under this Part to each person to whom in the opinion of the Minister the report ought to be given by reason that it relates to the affairs of that person to a material extent.(1B) The Minister is not bound to furnish a company, an applicant or any other person with a copy of the report or any part thereof if he is of the opinion that there is good reason for not divulging the contents of the report or any part thereof.(1C) Subject to subsection (1D), the Minister shall not give a copy of a report made under this Part to a person under subsection (1A) if he believes that legal proceedings that have been or, in his opinion, might be instituted, might be unduly prejudiced by giving the report to that person.(1D) A court before which legal proceedings are brought against a person for or in respect of matters dealt with in a report under this Part may order that a copy of the report or part thereof shall be given to that person.”; and
by inserting, immediately after the word “published” at the end of subsection (2), the words “but shall refrain from so doing if the Attorney-General has certified in writing that publication of the report would be prejudicial to the administration of justice”.