Singapore legislation

Clause 41

of ACRA (Registry and Regulatory Enhancements) Bill

Clause 41

Amendment of section 173H

In the Companies Act, in section 173H —

(a)

in the section heading, replace “, 173C and 173G” with “and 173C”;

(b)

replace subsection (2) with —“(2) A director, a chief executive officer, a secretary or an auditor who fails to comply with any requirement under section 173B shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and also to a default penalty.”; and

(c)

delete subsections (3) and (4).

Read in full context — ACRA (Registry and Regulatory Enhancements) Bill →