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In forceAmended2020 Revised Edition
Contents

Part 10A · Transfer of Registration

359. Registration

Amended

Last amended by an amending law of 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.

(2)

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

(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.

(4)

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

(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.

(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.

(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.

(8)

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

(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.

Report

Part 11

Various Types of Companies, Etc.

Part 11A

Register of Controllers, Nominee Directors and Nominee Shareholders of Companies

Part 12

General

Schedules