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laws.sgby aturio
In forceAmended2020 Revised Edition
Contents

Part 2 · Prohibition on Purchase or Acquisition of Residential Property by Foreign Persons

14C. Conversion of foreign company or converted foreign company to foreign limited liability partnership

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Amended

Last amended by an amending law of 2010. 2 amendments in all.

(1)

Any approval granted by the Minister or the Controller (as the case may be) under section 25 or 26 to a foreign company or a converted foreign company to purchase, acquire or retain residential property that is not non‑restricted residential property and which is valid immediately before the date of registration of the conversion of the foreign company or the converted foreign company to a foreign limited liability partnership continues in force on and after that date as if it were an approval granted by the Minister or the Controller (as the case may be) to the foreign limited liability partnership; and —

(a)

if the approval was granted subject to conditions, the foreign limited liability partnership must comply with all the conditions imposed as if the approval had been granted to the foreign limited liability partnership instead of the foreign company or the converted foreign company; and

(b)

if any undertaking in writing was given by the foreign company or the converted foreign company, such undertaking in writing is deemed to be an undertaking in writing given by the foreign limited liability partnership and is enforceable against the foreign limited liability partnership as if it had been given by the foreign limited liability partnership instead of the foreign company or the converted foreign company.

(2)

The foreign limited liability partnership mentioned in subsection (1) must, as soon as practicable after the date of registration of the conversion thereto, notify the Controller of the conversion and of the particulars of the foreign limited liability partnership, including the nationality of its partners and such other particulars as the Controller may require.

Report

Read on from s 15

Part 3

Approval to Purchase, Acquire or Retain Residential Property

Read on from Part 3

Part 4

Miscellaneous

Read on from Part 4

Schedules

Read on from Schedules