Singapore legislation

Section 42A

of Companies Act 1967

Section 42A

Company or foreign company with a charitable purpose which contravenes Charities Act 1994 or regulations made thereunder may be wound up or struck off register

Amended by40/2018

(1)

This section applies to a company or a foreign company —

(a)

that is registered under the Charities Act 1994; or

(b)

that has as its sole object or one of its principal objects a charitable purpose connected with persons, events or objects outside Singapore.

(2)

A company or foreign company to which this section applies that is convicted of an offence under the Charities Act 1994 or any regulations made thereunder is deemed to be a company or foreign company (as the case may be) that is being used for purposes prejudicial to public welfare and may be liable, in the case of a company, to be wound up by the Court under section 125(1)(n) of the Insolvency, Restructuring and Dissolution Act 2018 or, in the case of a foreign company, to have its name struck off the register by the Registrar under section 377(8).

Amended by40/2018

(3)

In this section, “charitable purpose” means any charitable purpose or object or any other religious, public or social purpose or object, whether or not charitable under the law of Singapore.