Singapore legislation
Clause 85
Clause 85
Amendment of section 165
Section 165 of the Companies Act is amended —
by deleting the words “A director” in subsection (1) and substituting the words “Every director and chief executive officer”;
by inserting, immediately after the words “section 164” in subsection (1)(a), the words “that are applicable in relation to him”;
by inserting the word “and” at the end of subsection (1)(b); (d)by deleting the words “section 173” in subsection (1)(c) and substituting the words “section 173A”;
by deleting the word “; and” at the end of subsection (1)(c) and substituting a full‑stop;
by deleting paragraph (d) of subsection (1);
by inserting, immediately after the words “a director” in subsection (2)(a)(i), the words “or the chief executive officer became a chief executive officer, as the case may be”;
by inserting, immediately after the word “director” in subsection (2)(a)(ii), the words “or chief executive officer, as the case may be,”;
by inserting the word “and” at the end of subsection (2)(a);
by deleting the word “; and” at the end of subsection (2)(b) and substituting a full‑stop; (k)by deleting paragraph (c) of subsection (2); (l)by inserting, immediately after the word “directors” in subsection (3), the words “or chief executive officers”;
by inserting, immediately after the word “director” in subsection (9), the words “or chief executive officer”; and
by deleting paragraphs (a) and (b) of subsection (10) and substituting the following paragraphs:“(a)who is a director or chief executive officer of a listed company; and
who is required to make disclosure of the matters referred to in subsection (1)(a) and (b) of this section under section 133 of the Securities and Futures Act (Cap. 289).”.