Singapore legislation
Clause 74
Clause 74
Self-notification in certain circumstances
(1)
Section 173E of the Companies Act applies to a director or secretary of a VCC as it applies to a director or secretary of a company.
(2)
A manager of a VCC that ceases to be a person mentioned in section 46(2) —
must notify the VCC of the cessation as soon as practicable but not later than 14 days after the manager ceases to be such a person; and
may give the notice mentioned in section 173A(1)(b) of the Companies Act as applied by section 72 to the Registrar if the manager has reasonable cause to believe that the VCC will not do so.
(3)
The manager of a VCC the appointment of which is revoked or has otherwise ceased may give to the Registrar the notice mentioned in section 173A(1)(b) of the Companies Act as applied by section 72, if the manager has reasonable cause to believe that the VCC will not do so.
(4)
A manager that has changed its address entered in the register of managers may give to the Registrar the notice mentioned in section 173A(1)(b) of the Companies Act as applied by section 72, if the manager has reasonable cause to believe that the VCC will not do so.