Singapore legislation

Clause 39

of ACRA (Registry and Regulatory Enhancements) Bill

Clause 39

Amendment of section 173F

In the Companies Act, in section 173F —

(a)

in the section heading, after “Registrar”, insert “to indicate death or disqualification”;

(b)

replace subsection (1) with —“(1) Where the Registrar has reasonable cause to believe that a director of a company has been disqualified, under or by virtue of section 148, 149, 149A, 154, 155, 155A, 155C or 155D —

(a)

from being a director of the company; or

(b)

from acting as a director of the company,the Registrar may on his or her own initiative amend the register of directors of the company kept by the Registrar under section 173 to indicate that the person has been disqualified from being or acting as a director (as the case may be) by virtue of that fact.(1A) Where the Registrar has reasonable cause to believe that a director of a company is dead, the Registrar may on his or her own initiative amend the register of directors of the company kept by the Registrar under section 173 to indicate that the person has ceased to be a director by virtue of that fact.”; and

(c)

in subsection (5), after “subsection (1),”, insert “(1A),”.