Companies (Amendment) Regulations 2004 - Singapore Statutes Online

No. S 137

Companies Act

(Chapter 50)

Companies (Amendment) Regulations 2004

In exercise of the powers conferred by section 411 of the Companies Act, the Minister for Finance hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Companies (Amendment) Regulations 2004 and shall come into operation on 1st April 2004.

New Part IV

2. The Companies Regulations (Rg 1) are amended by inserting, immediately after regulation 11, the following Part:

“PART IV

AUDIT

Auditors’ remuneration

12. For the purposes of section 206(1A) of the Act, a review of the fees, expenses and emoluments of an auditor of a public company shall be undertaken if the total amount of the fees paid to the auditor for non-audit services in any financial year of the company exceeds 50% of the total amount of the fees paid to the auditor in that financial year.”.

Deletion and substitution of regulation 89

3. Regulation 89 of the Companies Regulations is deleted and the following regulation substituted therefor:

“Professional qualification of secretary

89. The professional associations for the purposes of section 171(1AA)(c) of the Act shall be as follows:

(a)	Institute of Certified Public Accountants of Singapore;
(b)	Association of International Accountants (Singapore Branch); and
(c)	Institute of Company Accountants, Singapore.”.

Amendment of Second Schedule

4. The Second Schedule to the Companies Regulations is amended by deleting Forms 45 and 45A and substituting the following Forms:

[G.N. Nos. S 445/93; S 2/96; S 245/97; S 561/98; S 27/2001; S 314/2001; S 27/2002; S 237/2002; S 354/2002; S 16/2003; S 236/2003; S 260/2003]

Made this 25th day of March 2004.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[F14.1.0032 V12; AG/LEG/SL/50/2002/1 Vol. 6]

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