The Great Divide: Considering Section 157a of the Singapore Companies Act

The manner in which the powers of a company are carved out to be exercised by either the general meeting of shareholders or its board of directors is often a matter of interpretation of the constitution of the company. This approach retains a fair amount of flexibility in the differing models of pow...

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Main Author: KOH, Pearlie
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
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Online Access:https://ink.library.smu.edu.sg/sol_research/720
http://www.law.unimelb.edu.au/ajal/journal-contents/browse-the-journal/journal-details?Articles.ID=94
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Institution: Singapore Management University
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spelling sg-smu-ink.sol_research-17192010-09-21T08:36:04Z The Great Divide: Considering Section 157a of the Singapore Companies Act KOH, Pearlie The manner in which the powers of a company are carved out to be exercised by either the general meeting of shareholders or its board of directors is often a matter of interpretation of the constitution of the company. This approach retains a fair amount of flexibility in the differing models of power allocation that may be adopted by incorporators, but once carved out, the power allocation usually remains sacrosanct until such time as the constitution is validly altered. This was the position in Singapore before 2003. In 2003, the Companies Act of Singapore was amended to include s 157A, a section which appears to statutorily allocate the powers in a company. This article queries whether this was intended and, if so, what the consequences might be. 2004-01-01T08:00:00Z text https://ink.library.smu.edu.sg/sol_research/720 http://www.law.unimelb.edu.au/ajal/journal-contents/browse-the-journal/journal-details?Articles.ID=94 Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Asian Studies Business Organizations Law
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Asian Studies
Business Organizations Law
spellingShingle Asian Studies
Business Organizations Law
KOH, Pearlie
The Great Divide: Considering Section 157a of the Singapore Companies Act
description The manner in which the powers of a company are carved out to be exercised by either the general meeting of shareholders or its board of directors is often a matter of interpretation of the constitution of the company. This approach retains a fair amount of flexibility in the differing models of power allocation that may be adopted by incorporators, but once carved out, the power allocation usually remains sacrosanct until such time as the constitution is validly altered. This was the position in Singapore before 2003. In 2003, the Companies Act of Singapore was amended to include s 157A, a section which appears to statutorily allocate the powers in a company. This article queries whether this was intended and, if so, what the consequences might be.
format text
author KOH, Pearlie
author_facet KOH, Pearlie
author_sort KOH, Pearlie
title The Great Divide: Considering Section 157a of the Singapore Companies Act
title_short The Great Divide: Considering Section 157a of the Singapore Companies Act
title_full The Great Divide: Considering Section 157a of the Singapore Companies Act
title_fullStr The Great Divide: Considering Section 157a of the Singapore Companies Act
title_full_unstemmed The Great Divide: Considering Section 157a of the Singapore Companies Act
title_sort great divide: considering section 157a of the singapore companies act
publisher Institutional Knowledge at Singapore Management University
publishDate 2004
url https://ink.library.smu.edu.sg/sol_research/720
http://www.law.unimelb.edu.au/ajal/journal-contents/browse-the-journal/journal-details?Articles.ID=94
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