Clause 93

replace subsections (2) and (3) with —“(2) The Registrar must not restore the name of the foreign company to the register if the Registrar has reason to believe that —

if the name of the foreign company is restored, the foreign company is likely to be used for an unlawful purpose or for purposes prejudicial to public peace, welfare or good order in Singapore; or

it would be contrary to national security or interest for the name of the foreign company to be restored.(3) If the Registrar restores the name of the foreign company to the register —

the restoration of the name of the foreign company to the register takes effect on the date and at the time when the Registrar restores the name of the foreign company to the register;

the Registrar must enter in the register a note of the date and time when the restoration takes effect; and

the Registrar must cause notice of the restoration to be published in the Gazette and on the Authority’s website.”;

in subsection (4), replace “subsection (3)(b)” with “subsection (3)(c)”;

in subsection (4), replace paragraph (c) with —“(c)the date and time when the restoration of the name of the foreign company to the register takes effect.”;

in subsection (6)(b), replace “restore” with “order the Registrar to restore”; and

after subsection (6), insert —“(7) On the Registrar restoring the name of a foreign company to the register on a date and at a time pursuant to an order by the Court under subsection (6)(b), the restoration takes effect on that date and at that time.(8) The Registrar must, starting on the date and time when the Registrar restores the name of a foreign company to the register under subsection (3) or pursuant to an order by the Court under subsection (6)(b), ensure that any person who obtains any information on the foreign company using the electronic transaction system is also informed that the name of the foreign company is on the register.”.