Singapore legislation
Clause 13
Clause 13
New Fifth Schedule
The principal Act is amended by inserting, immediately after the Fourth Schedule, the following Schedule:“FIFTH SCHEDULESection 9(15)EVENTS TO BE NOTIFIED TO BOARD1. The individual, as a sole proprietor, commences carrying on business as a supplier.
2. The individual is employed or ceases to be employed by a person who carries on a business as a supplier.
3. The individual becomes or ceases to be —
a director of a company which carries on a business as a supplier;
a partner in a partnership or limited partnership which carries on a business as a supplier; or
a partner or manager of a limited liability partnership which carries on a business as a supplier.
4. The individual becomes or ceases to be, legally or beneficially interested, whether directly or indirectly, in at least 15% of the total voting power or total issued shares in a company which carries on a business as a supplier.”.