In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 2 · Establishment, Capital Andadministration of Authority
5. Paid-up capital
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Last amended by an amending law of 2017. 2 amendments in all.
(1)
The paid-up capital of the Authority is to be $100 million.
(2)
The paid-up capital may be revised from time to time by such amount as the Government and the board may agree.
(3)
For the purpose of subsection (2), the board must consider the Authority’s capital and reserves necessary for the Authority to carry out its principal objects and functions.
(4)
Any reduction of or increase in the paid-up capital may be effected by way of transfers to or from the General Reserve Fund, or by such other means as the Government and the board may from time to time agree.