Singapore legislation
Clause 155
Clause 155
Inspection of books of VCC and related provisions
Sections 8A to 8F and 8H of the Companies Act apply in relation to a VCC as they apply in relation to a corporation, subject to section 5 and the following modifications:
a reference in sections 8A and 8D of that Act to an officer of the corporation is to an officer or the manager of the VCC, the custodian of the VCC (being a non-umbrella VCC) or the custodian of a sub-fund of the VCC, and section 8D(4) of that Act applies accordingly;
a reference in section 8A of that Act to a person employed by the corporation is to a person employed by the VCC, or a person engaged by the VCC to provide any fund administration service;
a reference in sections 8A, 8C and 8D of that Act to the affairs of the corporation is to the affairs of the VCC;
a reference in sections 8C, 8F and 8H of that Act to the Companies Act is to this Act (including a provision of the Companies Act applied by this Act);
a reference in section 8H of that Act to an inspector appointed under Part IX of the Companies Act is to an inspector appointed under Part 9;
a reference in section 8H of that Act to proceedings for the winding up of a corporation under the Companies Act is to proceedings for the winding up of a VCC under Part 11 or a sub-fund of an umbrella VCC under section 33; (g)to avoid doubt, section 8H of that Act (as applied by this Act) does not affect the sharing of information under section 161.