Variable Capital Companies (Transfer of Registration) Regulations 2020

No. S 27

Variable Capital Companies Act 2018

(ACT 44 OF 2018)

Variable Capital Companies
(Transfer of Registration)
Regulations 2020

In exercise of the powers conferred by section 165 of the Variable Capital Companies Act 2018, the Minister for Finance makes the following Regulations:

PART 1

PRELIMINARY

Citation and commencement

1. These Regulations are the Variable Capital Companies (Transfer of Registration) Regulations 2020 and come into operation on 14 January 2020.

Definitions

2. In these Regulations —

“date of registration”, in relation to a foreign corporate entity that has applied to be registered as a VCC under Part 12 of the Act, means that date of registration of the foreign corporate entity specified in the notice of transfer of registration issued under section 135(3) of the Act;

“disqualification order” means an order of Court made under section 56, 57 or 58 of the Act that disqualifies a person specified in the order from being a director of a VCC, or in any way (whether directly or indirectly) being concerned in, or taking part in, the management of a VCC during any period specified in the order;

“foreign corporate entity” means a body corporate that is incorporated outside Singapore, and that comprises one or more collective investment schemes;

“place of incorporation” means, in the case of a foreign corporate entity that had transferred its place of domicile after its incorporation, the jurisdiction where the foreign corporate entity is domiciled at the time it applies for registration;

“registration”, in relation to a foreign corporate entity that has applied to be registered as a VCC under Part 12 of the Act, means registration by the Registrar under section 135(1) of the Act, and “register” and “registered” are to be construed accordingly.

Forms

3.—(1) The Forms in these Regulations are those set out on the Internet website of ACRA at http://www.acra.gov.sg, and a reference in these Regulations to a form identified by a number or alphanumeric characters is a reference to the current version of the form set out on that website bearing the corresponding number or alphanumeric characters.

(2) For the purpose of these Regulations, where the forms set out at that website are not applicable, forms of the like character, with any variation that the circumstances may require, are to be used.

(3) Any document required to be lodged with the Registrar under any provision of these Regulations must be lodged in the relevant form and in the manner specified on the website mentioned in paragraph (1), or in the manner specified by the Registrar.

Made on 13 January 2020.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[F14.1.47; AG/LEGIS/SL/341A/2015/10 Vol. 1]

Search within Legislation