Singapore legislation

Section 386AC

of Companies Act 1967

Section 386AC

Meaning of “registrable”

Amended by15/201744/2018

For the purposes of this Part, in relation to a company (X) or a foreign company (X), a controller (A) is registrable unless —

(a)

A’s significant interest in or significant control over X is only through one or more controllers (B) of X;

(b)

A is a controller of B (or each B if more than one); and

(c)

B (or each B if more than one) is either —

(i)

a company, or foreign company to which this Part applies, that is required to keep a register of controllers under section 386AF;

(ii)

a company that is set out in the Fourteenth Schedule;

(iii)

a foreign company that is set out in the Fifteenth Schedule;

(iv)

a corporation which shares are listed for quotation on an approved exchange;

(v)

a limited liability partnership to which Part 6A of the Limited Liability Partnerships Act 2005 applies, that is required to keep a register of controllers of limited liability partnerships under that Act;

(vi)

a limited liability partnership that is set out in the Sixth Schedule to the Limited Liability Partnerships Act 2005;

(vii)

a trustee of an express trust to which Part 7 of the Trustees Act 1967 applies; or

(viii)

a VCC.

Read in full context — Companies Act 1967 →