Singapore legislation

Clause 72

of Companies (Amendment) Bill

Clause 72

Miscellaneous amendments

The Companies Act is amended —

(a)

by deleting the words “7 days” in sections 82(2)(b), 83(2), 84(2) and 86(2)(b) and substituting in each case the words “2 days”;

(b)

by deleting “$5,000” and “6 months” in section 148(1) and substituting “$10,000” and “2 years” respectively;

(c)

by deleting “$2,000” and “6 months” in section 154(1) and substituting “$10,000” and “2 years” respectively;

(d)

by deleting “$1,000” in sections 142(2), 143(2) and 173(7) and substituting in each case “$5,000”;

(e)

by inserting, immediately after the word “offence” in section 175(4)(a), the words “and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty”;

(f)

by deleting “$2,000” in section 197(7) and substituting “$5,000”;

(g)

by deleting “$500” in section 254(2)(a) and substituting “$2,000”;

(h)

by deleting “$750” in section 256(3) and substituting “$3,000”;

(i)

by deleting “$200” in section 274(2) and substituting “$1,000”;

(j)

by deleting “$50” in section 336(1)(c)(i) and (ii) and substituting in each case “$200”; and

(k)

by deleting “$500” in section 351(2)(a) and substituting “$2,000”.

Clause 72 — Companies (Amendment) Bill | laws.sg