Singapore legislation
Clause 33
Clause 33
Amendment of section 173
Section 173 of the Companies Act is amended —
by deleting subsection (2) and substituting the following subsection:“(2) The register shall —
contain, with respect to each director, a signed copy of his consent to act as director under this Act together with a prescribed statement that he is not disqualified to act as a director; (b)specify his present full name, any former name, his usual residential address, his nationality and his business occupation (if any) and identification (if any); and
contain documentary evidence (if any) of any change in his name.”;
by deleting the words “and other occupation, if any” in subsection (4);
by inserting, immediately after subsection (4), the following subsection:“(4A) The register shall contain a signed copy of the consent of the secretary of the company to act as the secretary.”;
by inserting, immediately after the words “inspection of” in subsection (5), the words “the Registrar and”;
by deleting paragraphs (a) and (b) of subsection (6) and substituting the following paragraph:“(a)within one month after —
a person becomes, or ceases to be, a director of the company; or
a person who is a director of the company becomes disqualified from acting as such by virtue of this Act or any other written law,a return in the prescribed form notifying the Registrar of that fact and containing, with respect to that person, the particulars required to be specified in the register;”; (f)by deleting the words “, address and other occupation, if any,” in the penultimate line of subsection (6)(c) and substituting the words “and address”;
by inserting, immediately before the word “identification” in the 1st and 2nd lines and in the penultimate line of subsection (6)(f), the word “name,”;
by inserting, immediately after subsection (6), the following subsections:“(6A) Any director of a company who becomes disqualified from acting as such by virtue of section 148 or 155 or who resigns from office may himself lodge with the Registrar the return referred to in subsection (6)(a) if he has reasonable cause to believe that the company will not lodge the return with the Registrar.(6B) Where the Registrar has reasonable cause to believe that a director of a company is no longer qualified to act as such by virtue of section 148 or 155, he may, either upon lodgment of a return referred to in subsection (6)(a) or on his own initiative, remove the name and other particulars of the director from any register kept by the Registrar under section 12.”; and (i)by inserting, immediately after the words “ceased to be” in the penultimate line of subsection (8), the words “or becomes disqualified to act as”.