Singapore Telephone Board (Amendment) Bill

This Act may be cited as the Singapore Telephone Board (Amendment) Act, 1970, and shall, with the exception of section 5 thereof, be deemed to have come into operation on the 1st day of September 1969.(2) The Minister may by notification in the Gazette appoint a date for the coming into operation of section 5 of this Act.

Section 2 of the Singapore Telephone Board Ordinance (hereinafter in this Act referred to as “the Ordinance”) is hereby amended by deleting the definition of “auditor” appearing therein and substituting therefor the following: —“ “auditor” means a person approved as a company auditor under section 8 of the Companies Act, 1967 (Act 42 of 1967), and includes the Director of Audit;”.

Section 9 of the Ordinance is hereby amended by deleting the word “two” appearing in the first line thereof and substituting therefor the word “four”.

The Ordinance is hereby amended by inserting immediately after section 17 thereof the following new section: —“Power to capitalise17A. The Board may, from time to time, with the approval of the Minister, capitalise the whole or any part of the sum standing to the credit of the Board’s General Reserve Account and such sum shall be capitalised as issued and fully paid up capital.”.

Section 46 of the Ordinance is hereby amended —