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Part 5 · Application of Act to Registered Foreign Corporate Entities

8. Modification and exclusion of provisions of section 22 of Act

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Amended

Last amended by an amending law of 2025.

In the application of section 22 of the Act to a foreign corporate entity registered under Part 10A of the Act —

(a)

subsections (1)(c), (d), (e), (f) and (g), (1AA), (1AB), (1A) and (2) of that section are excluded; and

(b)

subsection (4) of that section is modified by disregarding the words “, duly signed by the subscribers and stating, if the company is to have a share capital, the number of shares that each subscriber has agreed to take,”.

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