Clause 155

by deleting the definitions of “agent” and “carrying on business” in subsection (1) and substituting the following definitions:“ “authorised representative”, in relation to a foreign company, means —

in the case of a foreign company registered before the date of commencement of section 155 of the Companies (Amendment) Act 2014, the agent of the foreign company as defined by this section in force immediately before that date; and

in the case of a foreign company registered on or after the date of commencement of section 155 of the Companies (Amendment) Act 2014, the person named in a notice lodged under section 368(1)(e);“carrying on business” —

includes the administration, management or otherwise dealing with property situated in Singapore as an agent, a legal personal representative, or a trustee, whether by employees or agents or otherwise; and

does not exclude activities carried on without a view to any profit.”; (b)by deleting the word “or” at the end of subsection (2)(j);

by deleting the words “the Authority” in subsection (2)(k) and substituting the words “the Monetary Authority of Singapore”; and

by deleting the full‑stop at the end of paragraph (k) of subsection (2) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(l)carries on such other activity as the Minister may prescribe.”.