Singapore legislation
Clause 32
Clause 32
New section 201C
The Companies Act is amended by inserting, immediately after section 201B, the following section:“Directors need not lay accounts before company if resolution under section 175A in force201C. Subject to section 203(1), while a resolution by a private company under section 175A is in force —
the directors of the company need not comply with the requirement in section 201 to lay before the company at its annual general meeting accounts or consolidated accounts of the company; and
the reference in section 207(1) to accounts required to be laid before the company in general meeting shall be read as a reference to the documents required to be sent to persons entitled to receive notice of general meetings of the company under section 203(1).”.