2023-08-22Singapore Company’s Registrable Controller Guideline Note
(1) |
The person holds, directly or indirectly, more than 25% of the shares in a company with share capital; |
(2) |
The person holds, directly or indirectly, more than 25% of the total voting power in a company with share capital; |
(3) |
The person holds, directly or indirectly, more than 25% of the capital or profits of a company without share capital; |
(4) |
The person holds, directly or indirectly, the right to appoint or remove directors who hold a majority of voting rights at meetings of the directors; |
(5) |
The person holds, directly or indirectly, more than 25% of the rights to vote on those matters that are to be decided upon by the members of the company; and |
(6) |
The person has the right to exercise or actually exercise significant influence or control over the company. |
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(1) |
A public company which shares are listed for quotation on an approved exchange in Singapore; |
(2) |
A company that is a Singapore financial institution; |
(3) |
A company that is wholly-owned by the Government of Singapore; |
(4) |
A company that is wholly-owned by a statutory body established by or under a Public Act for a public purpose; |
(5) |
A company that is wholly-owned subsidiary of a company mentioned in (1), (2), (3) or (4); |
(6) |
A company which shares are listed on a securities exchange in a country or territory outside Singapore and which is subject to regulatory disclosure requirements and requirements relating to adequate transparency in respect of its beneficial owners, imposed through stock exchange rules, law or other enforceable means. |
(1) |
Duty to investigate and obtain information; |
(2) |
Duty to keep information up-to-date; and |
(3) |
Duty to correct inaccurate information. |
Individuals and corporations will be under the following duties if they know or believe that they are registrable controllers: |
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(1) |
Duty to provide information; and |
(2) |
Duty to provide change of information. |