Suggest a correction

Persons to whom section 28(2) of Act does not apply

Accounting and Corporate Regulatory Authority (Authorised Users of Electronic Transaction System) Regulations 2015

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Pursuant to section 28(4) of the Act, where a holding company (A) gives the Chief Executive notice that a secretary of A is authorised to transact on behalf of a subsidiary of the holding company (B), then the secretary may transact on behalf of B even if the secretary is not a registered corporate service provider for providing the service mentioned in paragraph (f)(i) of the definition of “corporate service” in section 2(1) of the Corporate Service Providers Act 2024.(2) Pursuant to section 28(4) of the Act, where A gives the Chief Executive a notice under paragraph (1) and specifies in the notice that an employee of A, or a qualified individual appointed, employed or engaged by A, is authorised to transact on behalf of A or B or both, then that employee or qualified individual may transact on behalf of A or B or both, as specified by A in the notice, even though the employee or qualified individual is not a registered corporate service provider mentioned in paragraph (1).(3) Pursuant to section 28(4) of the Act, where A gives the Chief Executive a notice under paragraph (1) and specifies in the notice that an employee of B, or a qualified individual appointed, employed or engaged by B, is authorised to transact on behalf of A or B or both, then that employee or qualified individual may transact on behalf of A or B or both, as specified by A in the notice, even though the employee or qualified individual is not a registered corporate service provider mentioned in paragraph (1).(4) In this regulation, a reference to a notice given to the Chief Executive means a notice given in such form and manner as the Chief Executive determines.

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.