Companies Act 1967 · 2020 Revised Edition · Part 6 · Financial Statements and Audit
209A. Interpretation of this Part
Last amended by an amending law of 2014.
Official textFrom Singapore Statutes Online, unchanged
In this Part, unless the contrary intention appears —“balance sheet”, in relation to a company, means the balance sheet, by whatever name called, prepared in accordance with the Accounting Standards;“consolidated financial statements” has the meaning given by the Accounting Standards;“consolidated total assets” —
company
“company” means a company incorporated under this Act or under any corresponding previous written law;
in the case where consolidated financial statements are prepared in relation to a group — are determined in accordance with the accounting standards applicable to the group; or
Accounting Standards
“Accounting Standards” means the accounting standards made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007 and applicable to companies and to foreign companies in respect of their operations in Singapore for the purposes of this Act;
in the case where consolidated financial statements are not prepared in relation to a group — means the aggregate total assets of all the members of the group;“directors’ statement” means the statement of the directors mentioned in section 201(16);“entity” means an entity that is referred to in the Accounting Standards in relation to the preparation of financial statements and the requirements for the preparation of financial statements;“financial statements” means the financial statements of a company required to be prepared by the Accounting Standards;“group” has the meaning given by the Accounting Standards;“parent company” means a company that is required under the Accounting Standards to prepare financial statements in relation to a group;“subsidiary company” means a company that is a subsidiary as defined in the Accounting Standards;“subsidiary corporation” means a corporation that is a subsidiary as defined in the Accounting Standards;“ultimate parent corporation” means a corporation which is a parent but is not a subsidiary, within the meaning of the Accounting Standards.
corporation
“corporation” means any body corporate formed or incorporated or existing in Singapore or outside Singapore and includes any foreign company but does not include —(a)any body corporate that is incorporated in Singapore and is by notification of the Minister in the Gazette declared to be a public authority or an instrumentality or agency of the Government or to be a body corporate which is not incorporated for commercial purposes;(b)any corporation sole;(c)any cooperative society;(d)any registered trade union; (da)any platform work association registered under the Platform Workers Act 2024; or(e)any limited liability partnership;
“balance sheet”, in relation to a company, means the balance sheet, by whatever name called, prepared in accordance with the Accounting Standards;
name
“full name” or “name” means —(a)in the case of an individual registered under the National Registration Act 1965 — the name as it appears in the latest identity card issued to that individual under section 9 of that Act; or(b)in the case of an individual not registered under the National Registration Act 1965 — the name as it appears in the latest passport issued to that individual or such other similar evidence of identification as is available;
“consolidated financial statements” has the meaning given by the Accounting Standards;
“consolidated total assets” —
in the case where consolidated financial statements are prepared in relation to a group — are determined in accordance with the accounting standards applicable to the group; or
in the case where consolidated financial statements are not prepared in relation to a group — means the aggregate total assets of all the members of the group;
“directors’ statement” means the statement of the directors mentioned in section 201(16);
“entity” means an entity that is referred to in the Accounting Standards in relation to the preparation of financial statements and the requirements for the preparation of financial statements;
“financial statements” means the financial statements of a company required to be prepared by the Accounting Standards;
“group” has the meaning given by the Accounting Standards;
“parent company” means a company that is required under the Accounting Standards to prepare financial statements in relation to a group;
“subsidiary company” means a company that is a subsidiary as defined in the Accounting Standards;
“subsidiary corporation” means a corporation that is a subsidiary as defined in the Accounting Standards;
“ultimate parent corporation” means a corporation which is a parent but is not a subsidiary, within the meaning of the Accounting Standards.
Terms defined in s 4
Accounting Standards
Defined · s 4“Accounting Standards” means the accounting standards made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007 and applicable to companies and to foreign companies in respect of their operations in Singapore for the purposes of this Act;
company
Defined · s 4“company” means a company incorporated under this Act or under any corresponding previous written law;
corporation
Defined · s 4“corporation” means any body corporate formed or incorporated or existing in Singapore or outside Singapore and includes any foreign company but does not include —(a)any body corporate that is incorporated in Singapore and is by notification of the Minister in the Gazette declared to be a public authority or an instrumentality or agency of the Government or to be a body corporate which is not incorporated for commercial purposes;(b)any corporation sole;(c)any cooperative society;(d)any registered trade union; (da)any platform work association registered under the Platform Workers Act 2024; or(e)any limited liability partnership;
name
Defined · s 4“full name” or “name” means —(a)in the case of an individual registered under the National Registration Act 1965 — the name as it appears in the latest identity card issued to that individual under section 9 of that Act; or(b)in the case of an individual not registered under the National Registration Act 1965 — the name as it appears in the latest passport issued to that individual or such other similar evidence of identification as is available;
Part 7
Arrangements, Reconstructions and Amalgamations
Part 8
Part 8A
Part 9
Investigations
Part 10
Dissolution
Part 10A
Transfer of Registration
Part 11
Various Types of Companies, Etc.
Part 11A
Register of Controllers, Nominee Directors and Nominee Shareholders of Companies
Part 12