Singapore legislation
Clause 5
Clause 5
Consent of Minister
(1)
The prior written consent of the Minister is required for —
(a)
the admission of any person as a member of the university company;
(b)
the disposal of the whole or substantially the whole of the university company’s undertaking or property;
(c)
the voluntary winding-up of the university company; and
(d)
the addition, deletion or alteration of any provision of the constituent documents of the university company.
(2)
The requirement under subsection (1) is in addition to the requirements prescribed by the Companies Act (Cap. 50) in respect of the matters referred to in subsection (1)(a) to (d).
(3)
Any act done or agreement made in contravention of subsection (1) shall have no effect and be unenforceable at law.