Singapore legislation

Clause 8

of Companies (Amendment) Bill

Clause 8

Amendment of section 19

Section 19 of the Companies Act is amended —

(a)

by deleting subsections (1), (2) and (3) and substituting the following subsections:“(1) A person desiring the incorporation of a company shall —

(a)

submit to the Registrar the memorandum and articles of the proposed company and such other documents as may be prescribed;

(b)

furnish the Registrar with such information as may be prescribed; and (c)pay the Registrar the prescribed fee.(2) Either —

(a)

an advocate and solicitor, accountant or prescribed person, engaged in the formation of the proposed company; or (b) a person named in the articles as a director or the secretary of the proposed company,shall make a declaration to the Registrar that —

(i)

all of the requirements of this Act relating to the formation of the company have been complied with; and

(ii)

he has verified the identities of the subscribers to the memorandum, and of the persons named in the memorandum or articles as officers of the proposed company,and the Registrar may accept such declaration as sufficient evidence of those matters.(3) Upon receipt of the documents, information and payment referred to in subsection (1) and declaration referred to in subsection (2), the Registrar shall, subject to this Act, register the company by registering its memorandum and articles.”;

(b)

by deleting the words “certify under his hand and seal that the company is on and from the date specified in the certificate incorporated” in the 2nd and 3rd lines of subsection (4) and substituting the words “issue in the prescribed manner a notice of incorporation in the prescribed form stating that the company is, on and from the date specified in the notice, incorporated”;

(c)

by deleting the words “certificate of incorporation” in the 2nd line of subsection (5) and substituting the words “notice issued under subsection (4)”; and

(d)

by deleting subsection (7) and substituting the following subsection:“(7) Upon the application of a company and payment of the prescribed fee, the Registrar shall issue to the company a certificate of confirmation of incorporation under his hand and seal.”.

Clause 8 — Companies (Amendment) Bill | laws.sg