Companies Act 1967 · 2020 Revised Edition · Part 12 · General
396. Duty to take precautions against falsification
Last amended by an amending law of 2014.
Official textFrom Singapore Statutes Online, unchanged
Where company records are kept otherwise than in hard copy form, reasonable precautions must be taken for —
company
“company” means a company incorporated under this Act or under any corresponding previous written law;
ensuring the proper maintenance and authenticity of the company records;
guarding against falsification; and
facilitating the discovery of any falsifications.
In the case where company records are kept in electronic form, the company must provide for the manner by which the records are to be authenticated and verified.
Where default is made in complying with subsection (1) or (2), the company and every officer of the company who is in default shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $1,000 and also to a default penalty.
officer
“officer”, in relation to a corporation, includes —(a)any director or secretary of the corporation or a person employed in an executive capacity by the corporation;(b)a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and(c)any liquidator of a company appointed in a voluntary winding up,but does not include —(d)any receiver who is not also a manager;(e)any receiver and manager appointed by the Court;(f)any liquidator appointed by the Court or by the creditors; or(g)a judicial manager appointed under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018;
Terms defined in s 4
company
Defined · s 4“company” means a company incorporated under this Act or under any corresponding previous written law;
default penalty
Defined · s 4“default penalty” means a default penalty within the meaning of section 408;
officer
Defined · s 4“officer”, in relation to a corporation, includes —(a)any director or secretary of the corporation or a person employed in an executive capacity by the corporation;(b)a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and(c)any liquidator of a company appointed in a voluntary winding up,but does not include —(d)any receiver who is not also a manager;(e)any receiver and manager appointed by the Court;(f)any liquidator appointed by the Court or by the creditors; or(g)a judicial manager appointed under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018;