Singapore legislation
Clause 23
Clause 23
New section 128A
The Companies Act is amended by inserting, immediately after section 128, the following section:“Notice of transfer of shares128A.—
(1)
Where there has been a transfer of shares, a company may lodge with the Registrar notice of that transfer of shares in the prescribed form.(2) The notice must state —
(a)
every other transfer of shares effected prior to the date of the notice, other than a transfer that has been previously notified to the Registrar; or
(b)
if it has more than 50 members after the transfer, the prescribed information in relation to the shares held by each of the 50 members who hold the most number of shares in the company after the transfer.”.