Companies (Amendment) Bill

Select the provisions you wish to print using the checkboxes and then click the relevant "Print"

1 Short title and commencement

2 Amendment of section 4

3 Amendment of section 8

4 Amendment of section 19

5 Amendment of section 27

6 New sections 41A, 41B and 41C

7 Amendment of section 144

8 Amendment of section 154

9 Amendment of section 175

10 Amendment of section 175A

11 Amendment of section 184A

12 Amendment of section 186

13 Amendment of section 195

14 Amendment of section 197

16 Amendment of section 201

17 Amendment of section 201AA

18 Repeal and re‑enactment of section 201C

19 Amendment of section 203

20 Amendment of section 205

21 Amendment of section 207

22 New sections 211A to 211J

23 Amendment of section 212

24 New section 227AA

25 Amendment of section 227B

26 Amendment of section 227D

27 Amendment of section 227H

28 New section 227HA

29 Amendment of section 227K

30 Amendment of section 227M

31 Amendment of section 227N

32 Amendment of section 227P

33 Amendment of section 227R

34 Amendment of section 227X

35 Amendment of section 253

36 Amendment of section 254

37 Amendment of section 272

38 Amendment of section 320

40 Amendment of section 351

41 New Division 6 of Part X

43 Amendment of section 372

44 Amendment of section 373

45 Amendment of section 377

46 Repeal of sections 379 to 385 and new sections 379 to 384

48 Amendment of section 387C

49 Amendment of section 411

50 New Tenth Schedule

51 Amendment of Eleventh Schedule

52 New Fourteenth, Fifteenth and Sixteenth Schedules

53 Consequential and related amendments to other Acts

54 Saving and transitional provisions

New Division 6 of Part X

41. The Companies Act is amended by inserting, immediately after section 354, the following Division:

“Division 6 — Adoption of UNCITRAL Model Law on Cross‑Border Insolvency

Interpretation of this Division

354A. In this Division, “Model Law” means the UNCITRAL Model Law on Cross‑Border Insolvency adopted by the United Nations Commission on International Trade Law on 30 May 1997.

Model Law to have force of law

354B.—(1) The Model Law (with certain modifications to adapt it for application in Singapore) as set out in the Tenth Schedule has the force of law in Singapore.

(2) In the interpretation of any provision of the Tenth Schedule, the following documents are relevant documents for the purposes of section 9A(3)(f) of the Interpretation Act (Cap. 1):

(a)	any document relating to the Model Law that is issued by, or that forms part of the record on the preparation of the Model Law maintained by, the United Nations Commission on International Trade Law and its working group for the preparation of the Model Law;
(b)	the Guide to Enactment of the UNCITRAL Model Law on Cross‑Border Insolvency (UN document A/CN.9/442).

(3) The Minister may, by notification in the Gazette, add to, vary or amend the Tenth Schedule.

Interaction with Singapore insolvency law

354C.—(1) Singapore insolvency law applies with such modifications as the context requires for the purpose of giving effect to this Division and the Tenth Schedule.

(2) This Division and the Tenth Schedule do not derogate from the operation of section 377(2), (3), (4), (4A) and (7).

(3) In this section, “Singapore insolvency law” has the same meaning as in Article 2(k) of the Tenth Schedule.”.

Search within Legislation