Singapore legislation

Section 370

of Companies Act 1967

Section 370

As to registered office and authorised representatives of foreign companies

Amended by36/201436/201436/201436/201436/201436/2014

(1)

A foreign company must have a registered office in Singapore to which all communications and notices may be addressed and which must be open and accessible to the public for not less than 5 hours between the hours of 9 a.m. and 5 p.m. each business day.

Amended by36/2014

(2)

An authorised representative, until he or she ceases to be such in accordance with subsection (5) —

(a)

continues to be the authorised representative of the company;

(b)

is answerable for the doing of all such acts, matters and things, as are required to be done by the company under this Act; and

(c)

shall be personally liable to all penalties imposed on the company for any contravention of any of the provisions of this Act unless he or she satisfies the court hearing the matter that he or she should be not so liable.

Amended by36/2014

(3)

A foreign company or its authorised representative may lodge with the Registrar a notice in the prescribed form stating that the authorised representative has ceased to be the authorised representative or will cease to be the authorised representative on a date specified in the notice.

(4)

On the appointment of a new authorised representative, the company must lodge a notice mentioned in section 368(1)(e) and a consent statement in respect of the new authorised representative with the Registrar.

Amended by36/2014

(5)

Subject to subsections (6) and (7), the authorised representative in respect of whom the notice under subsection (3) has been lodged ceases to be an authorised representative on the expiration of a period of 21 days after the date of lodgment of the notice or on the date on which the consent statement in respect of another authorised representative is lodged with the Registrar under section 368(1)(f), whichever is the earlier, but if the notice states a date on which the firstmentioned authorised representative is to so cease and the date is later than the expiration of that period, on that date.

Amended by36/2014

(6)

Where the authorised representative in respect of whom the notice under subsection (3) has been lodged is the sole authorised representative of a foreign company —

(a)

the foreign company must appoint another authorised representative; and

(b)

the authorised representative ceases to be an authorised representative of the foreign company on the date on which the consent statement in respect of another authorised representative is lodged under subsection (4).

Amended by36/2014

(7)

Where a foreign company’s sole authorised representative dies, the company must, within 21 days after the death of the authorised representative, appoint another authorised representative.

Amended by36/2014