Singapore legislation
Clause 17
Clause 17
Amendment of section 19
Section 19 of the Companies Act is amended by deleting subsection (6) (excluding the subsection heading) and substituting the following subsections:“(6) The subscribers to the constitution shall be deemed to have agreed to become members of the company and on the incorporation of the company shall be entered as members —
in the case of a public company, in the register of members kept by the public company under section 190; or (b)in the case of a private company, in the electronic register of members kept by the Registrar under section 196A.(6A) Apart from the subscribers referred to in subsection (6), every other person who agrees to become a member of a company and whose name is entered —
in the case of a public company, in the register of members kept by the public company under section 190; or (b)in the case of a private company, in the electronic register of members kept by the Registrar under section 196A,is a member of the company.”.