Singapore legislation

Section 359

of Companies Act 1967

Section 359

Registration

Amended by15/201715/201715/201715/201715/201715/201715/201715/201715/2017

(1)

Subject to section 360, upon compliance by the foreign corporate entity with section 358, the Registrar may, if the Registrar thinks fit, register the foreign corporate entity as a company limited by shares by registering its constitution.

Amended by15/2017

(2)

The registration of the foreign corporate entity is subject to such conditions that the Registrar may impose.

Amended by15/2017

(3)

Upon registration of the foreign corporate entity, the Registrar must issue a notice of transfer of registration in the prescribed form stating that the company is, on and from the date specified in the notice —

(a)

registered by way of transfer of registration under this Act;

(b)

a company limited by shares; and

(c)

where applicable, a private company.

Amended by15/2017

(4)

A certificate of confirmation of registration must be issued by the Registrar upon the application of the company.

Amended by15/2017

(5)

A notice of transfer of registration issued under subsection (3), and a certificate of confirmation of registration issued under subsection (4), is each conclusive evidence —

(a)

that the foreign corporate entity is registered under this section; and

(b)

of the date of the company’s registration.

Amended by15/2017

(6)

A foreign corporate entity registered under this section must, within 60 days after the issue of the notice of transfer of registration under subsection (3), or such further period as may be extended under subsection (7), submit to the Registrar a document evidencing that the foreign corporate entity has been deregistered in its place of incorporation.

Amended by15/2017

(7)

The Registrar may, on the application of the foreign corporate entity registered under this section, extend the 60‑day period mentioned in subsection (6) subject to such conditions as the Registrar considers fit.

Amended by15/2017

(8)

The Registrar may, at any time in the Registrar’s discretion, waive or modify any condition imposed by the Registrar under subsection (2).

Amended by15/2017

(9)

Any person aggrieved by —

(a)

the refusal of the Registrar to register a foreign corporate entity under subsection (1);

(b)

any condition of registration imposed by the Registrar under subsection (2); or

(c)

the modification of any condition by the Registrar under subsection (8),may within 30 days after the date of the refusal to register, or the imposition or modification of the condition (as the case may be), appeal to the Minister whose decision is final.

Amended by15/2017