Singapore legislation

Clause 139

of Corporate and Accounting Laws (Amendment) Bill

Clause 139

Amendment of section 74

In the VCC Act, in section 74 —

(a)

replace subsection (1) with —“(1) Section 173E of the Companies Act 1967 applies to a director or secretary of a VCC as it applies to a director or secretary of a company, subject to section 5 and the following modifications:

(a)

the reference in section 173E(1) of the Companies Act 1967 to section 154(1) of that Act is to section 58(1);

(b)

the reference in section 173E(1) of the Companies Act 1967 to section 155A(1) of that Act is to section 60(1);

(c)

the reference in section 173E(1) of the Companies Act 1967 to section 155D(1) of that Act is to section 61(2);

(d)

the reference in section 173E(1) of the Companies Act 1967 to section 149 of that Act is to section 56;

(e)

the reference in section 173E(1) of the Companies Act 1967 to section 149A of that Act is to section 57;

(f)

the reference in section 173E(1) of the Companies Act 1967 to section 154(2) of that Act is to section 58(2).”; and

(b)

in subsection (4), replace “section 173A(1)(b)” with “section 173A(1)(c)”.

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