Singapore legislation

Clause 14

of Companies (Amendment) Bill

Clause 14

Amendment of section 197

Section 197 of the Companies Act is amended —

(a)

by deleting subsection (1) and substituting the following subsections:“(1) Every company, other than a company mentioned in subsection (1A), must lodge a return with the Registrar after its annual general meeting —

(a)

in the case of a listed company, within 5 months after the end of its financial year; and

(b)

in any other case, within 7 months after the end of its financial year.(1A) A company having a share capital and keeping a branch register in any place outside Singapore must lodge a return with the Registrar after its annual general meeting —

(a)

in the case of a listed company, within 6 months after the end of its financial year; and

(b)

in any other case, within 8 months after the end of its financial year.(1B) The Registrar may, if the Registrar thinks there are special reasons to do so, extend any period within which a company must lodge a return under subsection (1) or (1A) —

(a)

upon an application by the company; or

(b)

in respect of any prescribed class of companies.”;

(b)

by deleting the words “subsection (1)” in subsection (2) and substituting the words “subsections (1) and (1A)”;

(c)

by inserting, immediately after the word “particulars” in subsection (2)(b), the words “and information”; and

(d)

by deleting subsections (4) and (5) and substituting the following subsection:“(4) If a private company is required under section 175A(4) to hold an annual general meeting for a financial year after it has lodged its annual return for that financial year, the company must lodge a notice of the date on which the annual general meeting was held with the Registrar within 14 days after that date.”.

Clause 14 — Companies (Amendment) Bill | laws.sg