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“once-a-year common meeting”, in relation to a business, signifies a meeting of the organization required to be held by section 175;
any act or issue performed (including any agreement produced and any transaction entered into) by or on behalf with the corporation, or to or in relation to your corporation or its enterprise or property, at a time when —
Section 210 of the Companies Act of Singapore presents for techniques of arrangement. It permits companies to enter into arrangements or compromises with their creditors or shareholders to restructure their debts or share money.
This section makes certain that providers have qualified auditors to evaluate their financial statements and preserve economic integrity.
the power of people to work out, or to control the work out of, the legal rights to vote hooked up to shares from the corporation or to get rid of, or to work out Handle about the disposal of, this sort of shares;
“debenture” consists of debenture stock, bonds, notes and almost every other securities of the corporation irrespective of whether constituting a charge within the property with the corporation or not, but does not involve —
The Companies Act of Singapore is actually a vital piece of legislation governing company operations within the place. This detailed manual will examine the most often questioned questions on the Companies Act, giving clarity and insight into the way it affects companies.
(four) A reference Within this Act to the Keeping enterprise of a firm or other corporation shall be go through being a reference to some corporation of which that final-outlined corporation or corporation is actually a subsidiary.
7A.—(one) With this Act, Until the context usually calls for, “solvency statement”, in relation to a proposed redemption of preference shares by a corporation out of its money underneath section 70, a proposed giving of financial assistance by a business under section seventy six(9A) or (9B) or even a proposed reduction by a corporation of its share capital below section 78B or 78C, usually means an announcement by the administrators of the business —
an unincorporated society, Affiliation or other physique which under the law of its spot of origin may well sue or be sued, or keep assets during the name on the secretary or other officer of your Click here body or Affiliation duly appointed for that intent and which does not have its head Workplace or principal place of business enterprise in Singapore;
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The corporate secretary is to blame for a variety of jobs, which includes maintaining meeting minutes, preparing agendas, coordinating conversation among the board and management, managing shareholder correspondence, and maintaining track of vital organization documents.
216B Proof of shareholders’ approval not decisive — Court docket approval to discontinue action under section 216A
entitled to exercising or control the training of not below twenty% on the votes hooked up on the voting shares in the body corporate, that particular person shall be considered to own an desire in that share.