In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 13 · General Provisions
152. Disposal of shares of shareholder whose whereabouts are unknown
Feedback & supportAmended
Last amended by an amending law of 2020. 2 amendments in all.
(1)
Subject to section 5 and subsection (2), section 390 of the Companies Act 1967 applies in relation to a VCC as it applies in relation to a company.
VCC
Defined · s 2
“VCC” or “variable capital company” means a body corporate incorporated as such under this Act;
(2)
The reference in section 390(3) of the Companies Act 1967* to section 197 of the IRDA is to —
(a)
in the case of shares that relate to a sub-fund of an umbrella VCC — section 197 of the IRDA as applied by section 33; and
(b)
in the case of any other shares — section 197 of the IRDA as applied by section 130.