Singapore legislation
Section 386AK
Section 386AK
Controller’s duty to provide change of information
(1)
A person who is a registrable controller in relation to a company or foreign company who knows, or ought reasonably to know, that a relevant change has occurred in the prescribed particulars of the registrable controller must notify the company or foreign company of the relevant change —
stating the date that the change occurred; and
providing the particulars of the change.
(2)
The person mentioned in subsection (1) must comply with the requirements of that subsection within such period as may be prescribed after the date on which that person first knew or ought reasonably to have known of the relevant change.
(3)
A person need not comply with the requirements of subsection (1) if the person has received a notice from the company or foreign company under section 386AH(1) and has complied with the requirements of the notice within the time specified in the notice for compliance.
(4)
Any person who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
(5)
For the purposes of this section, a relevant change occurs if —
a person ceases to be a registrable controller in relation to the company or foreign company, as the case may be; or
there is a change in the person’s contact details or such other particulars as may be prescribed.