Singapore legislation

Clause 11

of Companies (Amendment) Bill

Clause 11

Repeal and re‑enactment of section 12A

Section 12A of the Companies Act is repealed and the following section substituted therefor:“Electronic transaction system12A.—

(1)

The Registrar may —

(a)

require or permit any person to carry out any transaction with the Registrar under this Act; and

(b)

issue any approval, certificate, notice, determination or other document pursuant or connected to a transaction referred to in paragraph (a),using the electronic transaction system established under Part VIA of the Accounting and Corporate Regulatory Authority Act (Cap. 2A).(2) If the Registrar is satisfied that a transaction should be treated as having been carried out at some earlier date and time, than the date and time which is reflected in the electronic transaction system, the Registrar may cause the electronic transaction system and the registers kept by the Registrar to reflect such earlier date and time.(3) The Registrar shall keep a record whenever the electronic transaction system or the registers are altered under subsection (2).(4) In this section —“document” includes any application, form, report, certification, notice, confirmation, declaration, return or other document (whether in electronic form or otherwise) filed or lodged with, or submitted to the Registrar;“transaction”, in relation to the Registrar, means —

(a)

the filing or lodging of any document with the Registrar, or the submission, production, delivery, furnishing or sending of any document to the Registrar;

(b)

any making of any application, submission or request to the Registrar;

(c)

any provision of any undertaking or declaration to the Registrar; and

(d)

any extraction, retrieval or accessing of any document, record or information maintained by the Registrar.”.