Singapore legislation

Clause 4

of Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill

Clause 4

Amendment of section 386AF

In the Companies Act 1967, in section 386AF —

(a)

in subsections (1) and (4), after “31 March 2017”, insert “but before the appointed day,”;

(b)

after subsection (1), insert —“(1A) A company incorporated on or after the appointed day must keep a register of its registrable controllers starting on the date of the company’s incorporation.”;

(c)

after subsection (4), insert —“(4A) A foreign company registered under Division 2 of Part 11 on or after the appointed day must keep a register of its registrable controllers starting on the date of the foreign company’s registration.”; (d)in subsection (12)(a), after “subsection (1),”, insert “(1A),”;

(e)

in subsection (13)(a), after “subsection (4),”, insert “(4A),”; and

(f)

after subsection (13), insert —“(14) In this section, “appointed day” means the date of commencement of section 4 of the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024.”.