Singapore legislation

Clause 126

of Corporate and Accounting Laws (Amendment) Bill

Clause 126

Amendment of section 9

In the Variable Capital Companies Act 2018 (called in this Part the VCC Act), in section 9 —

(a)

in subsection (2), delete paragraph (a);

(b)

in subsection (2), replace paragraph (c) with —“(c)have access to any register of directors, managers, secretaries or auditors by obtaining a copy of or an extract from it.”;

(c)

in subsection (3A) (as inserted by section 69 of the ACRA (Registry and Regulatory Enhancements) Act 2024), replace “Subsection (2)(a) and (b)” with “Subsection (2)(b)”;

(d)

in subsection (3B) (as inserted by section 69 of the ACRA (Registry and Regulatory Enhancements) Act 2024), replace “subsection (2)(a) and (b)” with “subsection (2)(b)”; and

(e)

replace subsection (4) with —“(4) Despite subsection (2)(c), a director, manager, secretary, auditor or member of a VCC or a custodian of a non‑umbrella VCC or a sub-fund may, without charge, obtain from the Registrar a copy of or an extract from the register of directors, managers, secretaries or auditors of that VCC.”.

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