Singapore legislation
Clause 64
Clause 64
Powers of directors
Sections 157A, 157B, 157C, 158 and 159 of the Companies Act apply in relation to a VCC and a director of a VCC as they apply in relation to a company and a director of a company, subject to section 5 and the following modifications:
(a)
the reference in section 157C(1)(b) of the Companies Act to a professional adviser or an expert includes the manager of the VCC; (b)section 159(b) of the Companies Act is omitted.