Singapore legislation
Clause 160
Clause 160
Amendment of section 372
Section 372 of the Companies Act is amended —
by inserting, immediately after the words “the charter, statutes,” in subsection (1)(a), the words “constitution,”;
by deleting paragraph (c) of subsection (1) and substituting the following paragraphs:“(c)the authorised representative or authorised representatives of the foreign company;
(ca)the particulars of any director or authorised representative of the foreign company which are lodged with the Registrar under section 368(1), other than the director’s or authorised representative’s residential address;”;
by deleting the word “or” at the end of subsection (1)(f);
by deleting paragraph (g) of subsection (1) and substituting the following paragraphs:“(g)the description of the business carried on by the foreign company; or
the type of legal form or legal entity of the foreign company,”;
by deleting the words “one month” in subsection (1) and substituting the words “30 days”;
by deleting subsections (1A), (1B) and (1C) and substituting the following subsections:“(1A) A director or an authorised representative of a foreign company must lodge with the Registrar a notice of the director’s or authorised representative’s new residential address within 30 days after the date of change.(1B) Where the director or authorised representative referred to in subsection (1) has changed his residential address and has made a report of the change under section 8 of the National Registration Act (Cap. 201), the director or authorised representative is to be taken to have informed the Registrar of the change of residential address in compliance with subsection (1A).(1C) If default is made by any director or authorised representative of a foreign company in complying with subsection (1A), he shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty.”;
by deleting subsections (2) and (3); and
by deleting the words “one month” in subsection (4) and substituting the words “30 days”.