Singapore legislation
Clause 5
Clause 5
Amendment of section 43
Section 43 of the principal Act is amended —
(a)
by inserting, immediately after subsection (1), the following subsection:“(1A) A person shall not be qualified for appointment as an auditor under subsection (1) unless he is an approved company auditor under the Companies Act [Cap. 50].”; and
(b)
by deleting “$500” in the ninth line of subsection (4) and substituting “$1000”.