Singapore legislation
Section 386AN
Section 386AN
Central register of controllers
(1)
This section applies where the Minister, by notification in the Gazette, directs the Registrar to maintain a central register of controllers of companies and foreign companies.
(2)
Where the Minister has directed the Registrar to maintain a central register of controllers of companies and foreign companies under subsection (1) —
the Registrar must keep a central register of controllers consisting of the particulars contained in the registers kept by companies and foreign companies to which this Part applies; and
the Registrar must require any company or foreign company to which this Part applies to lodge with the Registrar —
all particulars contained in the company’s or foreign company’s register maintained under section 386AF (including the matters mentioned in section 386AFA(3)); and
all updates to the company’s or foreign company’s register that occur after the lodgment of the particulars under sub‑paragraph (i).
(3)
Where the Registrar requires a company or foreign company to lodge with the Registrar the particulars, matters and updates mentioned in subsection (2)(b), the company or foreign company must lodge the particulars, matters and updates in the prescribed form and manner and within the prescribed time.
(4)
If a company or foreign company fails to comply with subsection (3), the company or foreign company, and every officer of the company or foreign company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $25,000.
(5)
Subject to subsection (6), the Registrar must not disclose, or make available for inspection, the central register of controllers of companies and foreign companies kept by the Registrar under this section to any member of the public.
(6)
The Registrar may disclose prescribed information in the central register of controllers of companies and foreign companies to prescribed persons under prescribed circumstances.
(7)
To avoid doubt, different information and persons may be prescribed under subsection (6) for different prescribed circumstances.