360. When registration must be refused Flashcards
- When registration must be refused
General overview
[360.01] Section 360 specifies the situations in which the registrar must refuse to register a foreign corporate entity as a company limited by shares under s 359, and empowers a person aggrieved by the registrar’s decision to appeal to the Minister: Explanatory Statement to Bill No 13 of 2017. As applicants for the transfer of registration may potentially come from many jurisdictions, it would be difficult to anticipate the nature of the entities seeking registration. Therefore, the legislative intention behind the residual discretion of the registrar to refuse the transfer of registration was to serve as a catch-all provision, instead of exhaustively setting out a list of the type of foreign corporate entities that should be allowed to be re-domiciled under the Act: “Summary of feedback and MOF/ ACRA’s responses on proposed amendments to introduce an inward re-domiciliation regime in Singapore” (February 24, 2017) at para 22, www.mof.gov.sg, (accessed July 3, 2017).
