Singapore legislation

Clause 18

of Companies (Amendment) Bill

Clause 18

Amendment of section 119

Section 119 of the Companies Act is amended —

(a)

by deleting the word “company” in the 2nd line of subsection (1) and substituting the words “person or class of persons”; and

(b)

by inserting, immediately after subsection (1), the following subsection:“(1A) Any person who contravenes or fails to comply with any of the conditions specified in the notification shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.”.

Clause 18 — Companies (Amendment) Bill | laws.sg