Singapore legislation
Clause 20
Clause 20
Amendment of section 200
Section 200 of the Companies Act is amended by inserting, immediately after subsection (2), the following subsection:“(2A) Notwithstanding subsection (1) or (2), the financial year of a subsidiary which is a foreign company shall end on a date which is —
(a)
not later than the financial year of its holding company; and
(b)
not earlier than 2 months before the end of the financial year of its holding company, or such other earlier date as the Registrar may, on an application in writing by the directors of the holding company, approve.”.