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In forceAmended2020 Revised Edition
Contents

Part 4 · Shares, Debentures and Charges

86. Persons holding shares as trustees

Amended

Last amended by an amending law of 2014.

(1)

A person who holds voting shares in a company, being voting shares in which a non‑resident has an interest, must give to the non‑resident a notice in the prescribed form as to the requirements of this Division.

(2)

The notice must be given —

(a)

if the firstmentioned person holds the shares on 1 October 1971 — within 14 days after that date; or

(b)

if the firstmentioned person did not hold the shares on that date — within 2 days after becoming the holder of the shares.

(2A)

This section does not apply to the Depository as the registered holder of a company’s shares.

(3)

In this section, “non‑resident” means a person who is not resident in Singapore or a body corporate that is not incorporated in Singapore.

(4)

Nothing in this section affects the operation of section 80.

Report

Part 5

Management and Administration

Part 6

Financial Statements and Audit

Part 7

Arrangements, Reconstructions and Amalgamations

Part 8

Part 8A

Part 9

Investigations

Part 10

Dissolution

Part 10A

Transfer of Registration

Part 11

Various Types of Companies, Etc.

Part 11A

Register of Controllers, Nominee Directors and Nominee Shareholders of Companies

Part 12

General

Schedules