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Contents

Long Title

Part I PRELIMINARY

Part II REGISTRATION OF BUSINESS TRUSTS

Part III TRUSTEE-MANAGER

Division 1 — Responsibilities and powers

Division 2 — Change of trustee-manager

Division 3 — Consequences of change of trustee-manager

Division 4 — Written directions

Division 5 — Indemnification

Part IV TRUST DEED

Part V UNITHOLDERS

Part VI CIVIL LIABILITY AND TAKE-OVERS

Part VII WINDING UP OF REGISTERED BUSINESS TRUST

Part VIII DEREGISTRATION

Part IX MANAGEMENT AND ADMINISTRATION

Division 1 — Meetings and proceedings

Division 2 — Registers

Division 3 — Annual return

Part X ACCOUNTS, AUDIT AND DISCLOSURE

Division 1 — Accounts

Division 2 — Audit

Division 3 — Disclosure

Part XI APPEALS

Part XII MISCELLANEOUS

THE SCHEDULE Types of Trusts That Are Not Regarded As Business Trusts for Purposes of Act

Legislative Source Key

Legislative History

 
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On 26/05/2013, you requested for the version in force on 26/05/2013 incorporating all amendments published on or before 26/05/2013. The closest version currently available is that of 18/04/2013.
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Minutes of proceedings
67.
—(1)  The trustee-manager of a registered business trust shall cause —
(a)
minutes of all proceedings of general meetings of the unitholders of the registered business trust to be entered in books kept for that purpose within one month of the date upon which the relevant meeting was held; and
(b)
those minutes to be signed by the chairman of the meeting at which the proceedings were had or by the chairman of the next succeeding meeting.
(2)  Any minutes so entered that purports to be signed as provided in subsection (1) shall be evidence of the proceedings to which they relate, unless the contrary is proved.
(3)  Where minutes have been so entered and signed, then, until the contrary is proved —
(a)
the meeting shall be deemed to have been duly held and convened; and
(b)
all proceedings had thereat shall be deemed to have been duly had.
(4)  Any trustee-manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.
[Companies 1994 Ed., s. 188]