—(1) A foreign company shall have a registered office in Singapore to which all communications and notices may be addressed and which shall be open and accessible to the public for not less than 5 hours between the hours of 9 a.m. and 5 p.m. each business day.
(2) An agent, until he ceases to be such in accordance with subsection (4), shall —
continue to be the agent of the company;
be answerable for the doing of all such acts, matters and things, as are required to be done by the company under this Act; and
be personally liable to all penalties imposed on the company for any contravention of any of the provisions of this Act unless he satisfies the court hearing the matter that he should be not so liable.
(3) A foreign company or its agent may lodge with the Registrar a notice in the prescribed form stating that the agent has ceased to be the agent or will cease to be the agent on a date specified in the notice.
(4) The agent in respect of whom the notice has been lodged shall cease to be an agent on the expiration of a period of 21 days after the date of lodgment of the notice or on the date of the appointment of another agent the memorandum of whose appointment has been lodged in accordance with subsection (5), whichever is the earlier, but if the notice states a date on which he is to so cease and the date is later than the expiration of that period, on that date.
(5) Where an agent ceases to be an agent and if as a result the company is left with only one agent in Singapore, it shall, within 21 days after the agent ceases to be such, appoint another agent.
(6) On the appointment of a new agent the company shall lodge a memorandum of the appointment or power of attorney in accordance with section 368(1) and, if not already lodged in pursuance of section 368(2), a copy of the deed or document or power of attorney, referred to in section 368(2), verified in accordance with that subsection.
[Aust., 1961, s. 346 (4)-(8)]