Clause 88

by inserting, immediately after the word “Singapore” in subsection (1), the words “and who is not debarred under section 155B from acting as secretary of the company”;

by deleting subsection (1AA) and substituting the following subsection:“(1AA) In addition, it shall be the duty of the directors of a public company to take all reasonable steps to secure that each secretary of the company is a person who —

on 15 May 1987 held the office of secretary in that company and continued to hold that office on 15 May 2003; or

satisfies such requirements relating to experience, professional and academic requirements and membership of professional associations, as may be prescribed.”; (c)by deleting the words “subsection (1AA)(b), (c) or (d)” in subsection (1AB) and substituting the words “subsection (1AA)(b)”;

by deleting the words “subsection (1AA)(b), (c) and (d)” in subsection (1C) and substituting the words “subsection (1AA)(b)”;

by deleting subsection (1D) and substituting the following subsection:“(1D) In this section and sections 173 to 173I, “secretary” includes an assistant or deputy secretary.”; and

by inserting, immediately after subsection (3), the following subsection:“(3A) Notwithstanding subsection (3), a secretary, his agent or clerk of a private company need not be physically present at the registered office during the times specified in that subsection if a secretary, his agent or clerk of the private company is readily contactable by a person at the registered office by telephone or other means of instantaneous communication during those times.”.