Singapore legislation
Schedule 4
Schedule 4
Consequential amendments to other written laws
FOURTH SCHEDULESection 39 (1)Consequential amendments to other written lawsFirst column Second column(1)Business Registration Act (Chapter 32, 2001 Ed.) (a)Section 2(1) Insert, immediately before the definition of “business”, the following definition:“ “Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act 2004;”.(b)Section 3 Repeal and substitute the following section:“Administration of Act and appointment of Registrar of Businesses, etc.3.—
The Authority shall be responsible for the administration of this Act, subject to the general or special directions of the Minister.(2) The Minister may, after consultation with the Authority —
appoint an officer of the Authority to be the Registrar of Businesses; and
from among the officers of the Authority, public officers and the officers of any other statutory board, appoint such number of Deputy Registrars and Assistant Registrars of Businesses as he considers necessary,for the proper administration of this Act.(3) The Registrar shall be responsible generally for the carrying out of the provisions of this Act and for the collection of the fees thereunder and shall pay all amounts so collected into the funds of the Authority.(4) The Authority may give to the Registrar such directions, not inconsistent with the provisions of this Act, as to the exercise of his powers, functions or duties under this Act, and the Registrar shall give effect to such directions.(5) The Registrar may, subject to such conditions or restrictions as he thinks fit, for the purposes of the administration of this Act, delegate to any person all or any of the powers, functions and duties vested in him by this Act.”. (2)Central Provident Fund Act (Chapter 36, 2001 Ed.) First Schedule, paragraph 6 Delete sub‑paragraph (47) and substitute the following sub-paragraph:“(47) Accounting and Corporate Regulatory Authority.”. (3)Companies Act (Chapter 50, 1994 Ed.) (a)Section 4(1) Insert, immediately after the definition of “audit requirements”, the following definition:“ “Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act 2004;”. (b)Section 8 (i)Delete subsection (1) and substitute the following subsections:“(1) The Authority shall be responsible for the administration of this Act, subject to the general or special directions of the Minister.(1A) The Minister may, after consultation with the Authority —
appoint an officer of the Authority to be the Registrar of Companies; and
from among the officers of the Authority, public officers and the officers of any other statutory board, appoint such number of Deputy Registrars and Assistant Registrars of Companies as he considers necessary,for the proper administration of this Act.(1B) The Authority may give to the Registrar such directions, not inconsistent with the provisions of this Act, as to the exercise of his powers, functions or duties under this Act, and the Registrar shall give effect to such directions.”. (ii)Insert, immediately after subsection (6), the following subsection:“(6A) All fees collected by the Registrar under this Act shall be paid into the funds of the Authority.”. (iii)Delete the marginal note and insert the following section heading: “Administration of Act and appointment of Registrar of Companies, etc.”. (4)Statutory Corporations (Contributions to Consolidated Fund) Act (Chapter 319A, 2000 Ed.) The Schedule Delete item 20 and substitute the following item: “20. Accounting and Corporate Regulatory Authority Accounting and Corporate Regulatory Authority Act 2004”. (5)Trust Companies Act (Chapter 336, 1985 Ed.) (a)Section 2 (i)Insert, immediately before the definition of “court”, the following definition:“ “Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act 2004;”. (ii)Delete the definition of “Registrar” and substitute the following definition:“ “Registrar” means the Registrar of Companies appointed under section 8 of the Companies Act (Cap. 50) and includes a Deputy Registrar and an Assistant Registrar appointed under that section;”. (b)New section 2A Insert, immediately after section 2, the following section:“Administration of Act2A.—
The Authority shall be responsible for the administration of this Act, subject to the general or special directions of the Minister.(2) The Authority may give to the Registrar such directions, not inconsistent with the provisions of this Act, as to the exercise of his powers, functions or duties under this Act, and the Registrar shall give effect to such directions.”. (c)Section 37 Delete subsection (2) and substitute the following subsection:“(2) All fees collected by the Registrar under this Act shall be paid into the funds of the Authority.”.