Singapore legislation
Regulation 13
Regulation 13
Circumstances to be considered for determining whether VCC is carrying on business
For the purposes of section 344(1A) of the Companies Act (as applied by section 130B of the Act), the prescribed circumstances to which the Registrar may have regard in determining whether there is reasonable ground to believe that a VCC is not carrying on business are —
whether the VCC has failed to file its annual return as required under section 97 of the Act;
whether the VCC has failed to respond to any correspondence sent by the Registrar by registered post, where a response is required;
whether any mail sent by the Registrar to the registered office of the VCC is returned undelivered;
whether any credible information has been received by the Registrar indicating that the VCC is not carrying on business;
whether any of the directors of the VCC resident in Singapore can be contacted or located by the Registrar after the Registrar had taken reasonable efforts to do so; and
whether the sole director or the last remaining director of the VCC, shown in the register of directors kept under section 173 of the Companies Act (as applied by section 71(1) of the Act), is dead or is disqualified from acting as a director under the Act.