Singapore legislation

Clause 3

of Statutes (Miscellaneous Amendments and Repeal) Bill

Clause 3

Amendment of Companies Act

The Companies Act (Cap. 50, 1994 Ed.) is amended —

(a)

by deleting subsection (2) of section 285 and substituting the following subsection:“(2) The Court may examine him on oath concerning the matters mentioned in subsection (1) either by word of mouth or on written interrogatories and may cause to be made a record of his answers, and any such record may be used in evidence in any legal proceedings against him.”; and

(b)

by deleting subsection (7) of section 286 and substituting the following subsection:“(7) The record of the examination —

(a)

may be used in evidence in any legal proceedings against the person examined; and

(b)

shall, at all reasonable times, be made available to any creditor or contributory for review at the court premises.”.