COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020

No. S 270

COVID-19 (Temporary Measures) Act 2020

(ACT 14 OF 2020)

COVID-19 (Temporary Measures)
(Alternative Arrangements for Meetings
for Companies, Variable Capital Companies,
Business Trusts, Unit Trusts and
Debenture Holders) (Amendment)
Order 2020

In exercise of the powers conferred by section 27 of the COVID‑19 (Temporary Measures) Act 2020, the Minister for Law makes the following Order:

Citation and commencement

1. This Order is the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 and is deemed to have come into operation on 27 March 2020.

Amendment of First Schedule

2. Item 9 of the First Schedule to the COVID‑19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (G.N. No. S 269/2020) (called in this Order the principal Order) is amended by inserting, immediately after the first paragraph in the second column, the following paragraph:

“For the purposes of this item, a notice is sent by electronic means in the case of a company that is not listed only if the following are satisfied:

(a)	the notice is sent by the company by electronic mail —

(i)	to all of its members; and

(ii)	to the electronic mail address of each member notified by the member to the company;

(b)	the notice is published on the website of the company (if available).”.

Amendment of Second Schedule

3. Item 8 of the Second Schedule to the principal Order is amended by inserting, immediately after the first paragraph in the second column, the following paragraph:

“For the purposes of this item, a notice is sent by electronic means only if the following are satisfied:

(a)	the notice is sent by the VCC by electronic mail —

(i)	to all of its members or the class of members, as the case may be; and

(ii)	to the electronic mail address of each member, or each member of the class of members (as the case may be), notified by the member to the VCC;

(b)	the notice is published on the website of the VCC (if available).”.

Amendment of Third Schedule

4. Item 9 of the Third Schedule to the principal Order is amended by inserting, immediately after the first paragraph in the second column, the following paragraph:

“For the purposes of this item, a notice is sent by electronic means in the case of a registered business trust that is not listed only if the following are satisfied:

(a)	the notice is sent by the trustee‑manager of the registered business trust by electronic mail —

(i)	to all of its unitholders; and

(ii)	to the electronic mail address of each unitholder notified by the unitholder to the registered business trust;

(b)	the notice is published on the website of the registered business trust (if available).”.

Amendment of Fourth Schedule

5. Item 9 of the Fourth Schedule to the principal Order is amended by inserting, immediately after the first paragraph in the second column, the following paragraph:

“For the purposes of this item, a notice is sent by electronic means in the case of a relevant unit trust that is not listed only if the following are satisfied:

(a)	the notice is sent by the trustee or manager of the relevant unit trust by electronic mail —

(i)	to all of its unitholders; and

(ii)	to the electronic mail address of each unitholder notified by the unitholder to the relevant unit trust;

(b)	the notice is published on the website of the relevant unit trust (if available).”.

Amendment of Fifth Schedule

6. Item 7 of the Fifth Schedule to the principal Order is amended by inserting, immediately after the first paragraph in the second column, the following paragraph:

“For the purposes of this item, a notice is sent by electronic means in the case of registered debentures that are not listed only if the following are satisfied:

(a)	the notice is sent by the issuer or trustee (if applicable) of the registered debentures by electronic mail —

(i)	to all of the debenture holders of the registered debentures; and

(ii)	to the electronic mail address of each debenture holder notified by the debenture holder to the issuer or trustee (if applicable) of the registered debentures;

(b)	the notice is published on the website of the issuer of the registered debentures (if available).”.

Made on 14 April 2020.

LOH KHUM YEAN

Permanent Secretary,
Ministry of Law,
Singapore.

[LAW 63/009 COVID Relief-V1.; AG/LEGIS/SL/65C/2020/1 Vol. 1]

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