Singapore legislation
Regulation 6
Regulation 6
Publicity requirements
Subregulation 1
For the purposes of sections 78B(1)(c) and 78C(1)(c) of the Act, a company meets the publicity requirements if it —
lodges with the Registrar within 8 days beginning with the resolution date —
a notice containing the text of the special resolution for reducing share capital;
the resolution date; and
the reduction information, in the format specified by the Registrar; and
pays the prescribed fee.
Subregulation 2
The company may, in addition to the requirements in paragraph (1), publish a notice containing the reduction information in a daily newspaper circulating generally in Singapore.
Subregulation 3
Upon payment of the prescribed fee, the Registrar shall as soon as possible make the information referred to in paragraph (1)(a) available for inspection by any person at the office of the Authority, on the electronic transaction system at http://www.bizfile.gov.sg or through such other medium or media as the Registrar thinks fit.
Subregulation 4
The information referred to in paragraph (1)(a) shall remain available for inspection until —
the special resolution is revoked; (b)the special resolution has been cancelled by the Court; (c)the company is unable to reduce its share capital by reason of non-compliance with the procedures provided for it by any of the provisions of Division 3A of Part 4 of the Act; or
one month after the reduction of the share capital has taken effect, as the case may be.
Subregulation 5
In paragraph (3), “electronic transaction system” means the electronic transaction system established by the Authority under section 27(1) of the Accounting and Corporate Regulatory Authority Act 2004.