Singapore legislation

Regulation 11

of Companies (Transfer of Registration) Regulations 2017

Regulation 11

Modification of section 198 of Act

Amended byS 515/2018 wef 31/08/2018S 299/2025 wef 31/12/2021

In the application of section 198 of the Act to a foreign corporate entity registered under Part 10A of the Act —

(a)

subsection (1) of that section is modified by reading the reference to “incorporated” as a reference to “registered”;

(b)

subsection (1)(a) of that section is modified by reading the reference to “first financial year starts on the company’s date of incorporation and, subject to subsection (4), ends on the last day of the company’s first financial year as furnished under section 19(1)(b)” as a reference to “first financial year after its registration starts immediately after the last day of its previous financial year specified in its application under section 358 and, subject to subsection (4), ends at the end of its intended first financial year specified in the application”;

(c)

subsection (3) of that section is modified by reading the reference to “incorporated” as a reference to “registered”;

(d)

subsection (3)(a)(ii) of that section is modified by reading the reference to “date of incorporation of the company” as a reference to “last day of its previous financial year specified in its application under section 358”;

(e)

subsection (4) of that section is modified by reading the reference to “its previous or current financial year” as a reference to “its previous or current financial year, but only where the financial year ends on or after —

(a)

31 August 2018; and

(b)

the date of registration of the foreign corporate entity”; and

(f)

subsection (7)(b) of that section is modified by reading the reference to “date of incorporation of a company” as a reference to “last day of its previous financial year specified in its application under section 358”.

Read in full context — Companies (Transfer of Registration) Regulations 2017 →