Singapore legislation

Regulation 8

of Variable Capital Companies Regulations 2020

Regulation 8

Requirements of secretary

For the purposes of section 171(1AA)(b) of the Companies Act (as applied by section 69 of the Act), the prescribed requirement relating to experience, professional and academic requirements and membership of professional associations of a secretary of a VCC is any of the following:

(a)

the person has, for at least 3 years in the period of 5 years immediately preceding his or her appointment as secretary, held the office of secretary of any company or VCC;

(b)

the person is a qualified person under the Legal Profession Act (Cap. 161);

(c)

the person is a public accountant;

(d)

the person is a member of the Institute of Singapore Chartered Accountants;

(e)

the person is a member of the Chartered Secretaries Institute of Singapore;

(f)

the person is a member of the Association of International Accountants (Singapore Branch);

(g)

the person is a member of the Institute of Company Accountants, Singapore.

Read in full context — Variable Capital Companies Regulations 2020 →