Trust Companies Act 2005 · 2020 Revised Edition · Part 2 · Licensing of Trust Companies
9. Notification of change of particulars
Feedback & supportLast amended by an amending law of 2024.
Where —
a licensed trust company ceases to carry on any trust business;
any person has ceased to be a resident manager or a controller of a licensed trust company;
any civil or criminal proceedings have been instituted against a licensed trust company or any officer of the licensed trust company;
any change occurs in the name of a licensed trust company or the address of the principal place of business at which the licensed trust company carries on its trust business;
a licensed trust company has ceased to fulfil the minimum financial or other requirements prescribed by the Authority; or
any change occurs in relation to any other matters that may be prescribed,the licensed trust company must, not later than 14 days after the occurrence of the event, provide particulars of the event to the Authority in the prescribed form and manner.
Any licensed trust company that, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence.
licensed trust company
“licensed trust company” means a corporation holding a trust business licence;
[Deleted by Act 12 of 2024 wef 24/01/2025]