§ 5 — Administration of Act and appointment of Registrar of Corporate Service Providers, etc.

5.—(1) The Authority is responsible for the administration of this Act, subject to the general or special directions of the Minister.(2) The Minister may, after consultation with the Authority, and for the proper administration of this Act —(a)

appoint an officer of the Authority to be the Registrar of Corporate Service Providers; and

(b)

from among the officers of the Authority, public officers and officers of any other statutory board, appoint any number of Deputy Registrars and Assistant Registrars of Corporate Service Providers as the Minister considers necessary.

(3) The Authority may give to the Registrar such directions, not inconsistent with the provisions of this Act, as to the exercise of the Registrar’s powers, functions or duties under this Act, and the Registrar must give effect to such directions.

(4) Subject to the general direction and control of the Registrar and to any restriction and limitation that may be prescribed, anything by this Act authorised or required to be done or signed by the Registrar may be done or signed by any such Deputy Registrar or Assistant Registrar and is as valid and effectual as if done or signed by the Registrar.

(5) No person dealing with any Deputy Registrar or Assistant Registrar needs to be concerned to see or inquire whether any restriction or limitation has been prescribed, and every act or omission of a Deputy Registrar or Assistant Registrar so far as it affects any such person is as valid and effectual as if done or omitted by the Registrar.

—(1) The Authority is responsible for the administration of this Act, subject to the general or special directions of the Minister.

(2) The Minister may, after consultation with the Authority, and for the proper administration of this Act —(a)

appoint an officer of the Authority to be the Registrar of Corporate Service Providers; and

(b)

from among the officers of the Authority, public officers and officers of any other statutory board, appoint any number of Deputy Registrars and Assistant Registrars of Corporate Service Providers as the Minister considers necessary.

(3) The Authority may give to the Registrar such directions, not inconsistent with the provisions of this Act, as to the exercise of the Registrar’s powers, functions or duties under this Act, and the Registrar must give effect to such directions.

(4) Subject to the general direction and control of the Registrar and to any restriction and limitation that may be prescribed, anything by this Act authorised or required to be done or signed by the Registrar may be done or signed by any such Deputy Registrar or Assistant Registrar and is as valid and effectual as if done or signed by the Registrar.

(5) No person dealing with any Deputy Registrar or Assistant Registrar needs to be concerned to see or inquire whether any restriction or limitation has been prescribed, and every act or omission of a Deputy Registrar or Assistant Registrar so far as it affects any such person is as valid and effectual as if done or omitted by the Registrar.