Companies (Amendment) Regulations 2006

Status:

Published in Subsidiary Legislation Supplement
on 27 Jan 2006

No. S 53

Companies Act

(Chapter 50)

Companies (Amendment) Regulations 2006

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 2006 and shall come into operation on 30th January 2006.

New regulation 6

2. The Companies Regulations (Rg 1) are amended by inserting, immediately before regulation 7, the following regulation:

“Publicity requirements

6.—(1) For the purposes of sections 78B(1)(c) and 78C(1)(c) of the Act, a company meets the publicity requirements if it —

(a)

lodges with the Registrar within 8 days beginning with the resolution date —

(i)	a notice containing the text of the special resolution for reducing share capital;
(ii)	the resolution date; and
(iii)	the reduction information,

in the format specified by the Registrar; and

(b)

pays the prescribed fee.

(2) The company may, in addition to the requirements in paragraph (1), publish a notice containing the reduction information in a daily newspaper circulating generally in Singapore.

(3) Upon payment of the prescribed fee, the Registrar shall as soon as possible make the information referred to in paragraph (1)(a) available for inspection by any person at the office of the Authority, on the Authority’s electronic filing system at http://www.bizfile.gov.sg or through such other medium or media as the Registrar thinks fit.

(4) The information referred to in paragraph (1)(a) shall remain available for inspection until —

(a)	the special resolution is revoked;
(b)	the special resolution has been cancelled by the Court;
(c)	the company is unable to reduce its share capital by reason of non-compliance with the procedures provided for it by any of the provisions of Division 3A of Part IV of the Act; or
(d)	one month after the reduction of the share capital has taken effect,

as the case may be.”.

[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; S 137/2004; S 270/2004; S 293/2004]

Made this 27th day of January 2006.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[F 014.001.0031 Vol. 8; AG/LEG/SL/50/2005/8 Vol. 1]

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