Singapore legislation
Clause 151
Clause 151
Amendment of section 157
In the VCC Act, in section 157 (as re‑enacted by section 57 of the Variable Capital Companies (Miscellaneous Amendments) Act 2019) —
in subsection (1), replace “subsections (2) and (3)” with “subsections (2), (3) and (3A)”; and
after subsection (3), insert —“(3A) The following provision applies in place of section 396A(1B) of the Companies Act 1967 (which provides that section 396A(1A) of the Companies Act 1967 does not limit the right of a person to inspect or obtain any company record in certain circumstances): “Subsection (1A) does not limit the right of any person to inspect or obtain any register, index, minute book, accounting record, minute or other document required to be kept by a VCC under this Act pursuant to any of the following: (a)a direction given by the Minister under section 8A(1)(a) of the Companies Act 1967 as applied by section 155; (b)a requirement by a person authorised by the Minister, under section 8A(1)(b) or (2) of the Companies Act 1967 as applied by section 155; (c)a warrant issued by a Magistrate under section 8B(1) of the Companies Act 1967 as applied by section 155; (d)a request or requirement by the Registrar under section 131(1A) of the Companies Act 1967 as applied by section 42, or under section 66(11); (e)a requirement by the Minister under section 56(4)(b); (f)an order by the Court under section 199(5) of the Companies Act 1967 as applied by section 99; (g)a requirement by the Registrar or an authorised officer under section 201AA(3) of the Companies Act 1967 as applied by section 101(2); (h)a requirement by an inspector under section 236 of the Companies Act 1967 as applied by section 116, or that provision as applied by section 120(6); (i)a requirement imposed under section 236 of the Companies Act 1967 (as applied by section 116) by a person authorised by an inspector under section 239(1) of the Companies Act 1967 (as applied by section 112(2)), including such requirement so imposed by the operation of section 120(6); (j)a requirement by the Minister under section 121(1); (k)an order by the Court under section 156(1).”.”.