Singapore legislation
Clause 8
Clause 8
New section 42A
The Companies Act is amended by inserting, immediately after section 42, the following section:“Company or foreign company with a charitable purpose which contravenes the Charities Act or regulations made thereunder may be wound up or struck off the register42A.—
This section shall apply to a company or a foreign company —
that is registered under the Charities Act (Cap. 37); or
that has as its sole object or one of its principal objects a charitable purpose connected with persons, events or objects outside Singapore.(2) A company or foreign company to which this section applies that is convicted of an offence under the Charities Act or any regulations made thereunder shall be deemed to be a company or foreign company, as the case may be, that is being used for purposes prejudicial to public welfare and may be liable, in the case of a company, to be wound up by the Court under section 254(1)(m) or, in the case of a foreign company, to have its name struck off the register by the Registrar under section 377(8).(3) In this section, “charitable purpose” means any charitable purpose or object or any other religious, public or social purpose or object, whether or not charitable under the law of Singapore.”.