Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 5 · Shares, Debentures and Charges
39. Certificate is evidence of title
Feedback & supportLast amended by an amending law of 2019.
A certificate under the common seal or official seal of a VCC specifying any shares held by any member of the VCC is prima facie evidence of the title of the member to the shares.
VCC
“VCC” or “variable capital company” means a body corporate incorporated as such under this Act;
Every share certificate must be under the common seal of the VCC and must state as at the date of the issue of the certificate —
the name of the VCC and the authority under which the VCC is constituted;
the address of the registered office of the VCC in Singapore; and
the class of the shares (if applicable), the name and registration number of the sub‑fund to which the shares relate (if applicable), whether the shares are fully or partly paid up, and the amount (if any) unpaid on the shares.
Failure to comply with this section does not affect the rights of any holder of the shares.
If this section is contravened, the VCC and every officer of the VCC who is in default shall each be guilty of an offence.
officer
“officer”, in relation to a VCC or other corporation, includes —(a)any director or secretary of the corporation or a person employed in an executive capacity by the corporation;(b)a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and(c)any liquidator of the corporation (being a VCC or company) appointed in a voluntary winding up,but does not include —(d)any receiver who is not also a manager;(e)any receiver and manager appointed by the Court;(f)any liquidator appointed by the Court or by the creditors; or(g)a judicial manager appointed by the Court under Part 8A of the Companies Act 1967 (if applicable);