Singapore legislation

Clause 24

of Companies (Amendment) Bill

Clause 24

Amendment of section 131

Section 131 of the Companies Act is amended —

(a)

by deleting the words “of the prescribed particulars and an affidavit verifying the execution of the charge and also verifying the correctness of the statement” in the 4th to 7th lines of subsection (1) and substituting the words “containing the prescribed particulars of the charge”;

(b)

by inserting, immediately after the word “Registrar” in the 3rd line of subsection (1A), the words “, upon the Registrar’s request and”;

(c)

by inserting, immediately after the word “inspection” in the penultimate line of subsection (1A), the words “, at no cost to the Registrar,”;

(d)

by deleting the words “of the prescribed particulars accompanied by the verifying affidavit” in the 2nd and 3rd lines of subsection (4) and substituting the words “containing the prescribed particulars of the charge”;

(e)

by deleting the comma at the end of subsection (5)(d) and substituting a full-stop; and

(f)

by deleting the words “together with the verifying affidavit.” in the last line of subsection (5).