2018年可变资本公司法精选条文
本页收录《Variable Capital Companies Act 2018》第29、97、99及107条的完整现行汇编文本，依次覆盖子基金资产负债隔离、年度申报表、会计记录与内部控制，以及审计师委任。第100及105条将在取得可连续核验的完整现行文本后另行加入。
本页中文为初稿编辑译文，尚未完成人工法律及会计术语复核。请勿将其作为法律或操作依据；依赖前须核对当前英文一级来源。
中文： 本页仅收录已能从 Singapore Statutes Online（SSO）完整核验的第29、97、99及107条。第100及105条涉及较长的交叉适用条款和2026年修订链，在取得可连续核验的完整现行文本前不予转载，避免拼接不完整条文。
English: This page includes only sections 29, 97, 99 and 107, whose complete current text could be verified against Singapore Statutes Online (SSO). Sections 100 and 105 contain lengthy cross-applied provisions and a 2026 amendment chain; they are intentionally omitted until their complete current text can be verified continuously.
中文： 本页转载的新加坡法律文本受新加坡政府版权保护，并依据新加坡总检察署（Attorney-General’s Chambers of Singapore，AGC）授予 SSO 用户的许可使用及复制。读者应在 SSO 核对最新版本；本站运营者负责所转载法律文本的准确性。本页不表示 AGC 或 SSO 与本站存在任何关联或隶属关系，亦不表示 AGC 或 SSO 对本站予以认可。SSO 说明其在线汇编属于非权威版本；如需权威文本，应核对新加坡政府宪报。许可条件见 SSO Terms of Use 及 SSO FAQ。
English: The Singapore legislation reproduced on this page is subject to copyright of the Government of Singapore and is used and reproduced with the permission granted by the Attorney-General’s Chambers of Singapore (AGC) to SSO users. Users should check SSO for the latest version. The site operator is responsible for the accuracy of the legislation reproduced. Nothing on this page suggests any association or affiliation with, or endorsement by, AGC or SSO. SSO states that its online consolidation is not the authoritative text; consult the Singapore Government Gazette when an authoritative text is required. See the SSO Terms of Use and SSO FAQ for the permission conditions.
Section 29 — Segregated assets and liabilities of sub-funds / 第29条 — 子基金资产及负债的隔离
SG-VCC-ACT29.—(1) Despite any written law or rule of law to the contrary —
29.—(1) 尽管任何成文法或法律规则另有规定：
SG-VCC-ACT(a) the assets of a sub-fund of an umbrella VCC must not be used to discharge any liability of the VCC or any other sub‑fund of the VCC, including in the winding up of the VCC or the other sub‑fund; and
(a) 伞型VCC某一子基金的资产不得用于清偿该VCC或该VCC任何其他子基金的负债，包括在该VCC或该其他子基金清盘时；以及
SG-VCC-ACT(b) any liability of a sub-fund of an umbrella VCC must be discharged solely out of the assets of that sub‑fund, including in the winding up of the sub‑fund.
(b) 伞型VCC某一子基金的任何负债必须仅以该子基金的资产清偿，包括在该子基金清盘时。
SG-VCC-ACT(2) Any provision of the constitution of an umbrella VCC, an agreement, a contract or otherwise, is void to the extent that it is inconsistent with subsection (1), and any application of or agreement to apply assets in contravention of subsection (1) is likewise void.
(2) 伞型VCC章程、协议、合同或其他文件中的任何规定，如与第(1)款不一致，则在不一致的范围内无效；任何违反第(1)款而运用资产或同意运用资产的行为亦属无效。
SG-VCC-ACT(3) An umbrella VCC may allocate any assets or liabilities —
(3) 伞型VCC可分配符合以下情形的任何资产或负债：
SG-VCC-ACT(a) that it holds or incurs for the purpose of its sub‑funds or in order to enable the operation of the sub‑funds; and
(a) 该伞型VCC为其子基金之目的或为使子基金能够运作而持有或发生的资产或负债；以及
SG-VCC-ACT(b) that are not attributable to any particular sub‑fund,
(b) 无法归属于任何特定子基金的资产或负债，
SG-VCC-ACTbetween its sub-funds in a manner that it considers fair to shareholders.
并可按其认为对股东公平的方式，在其各子基金之间分配该等资产或负债。
SG-VCC-ACT(4) Where an umbrella VCC without reasonable excuse contravenes subsection (1), the VCC and every officer of the VCC who is in default shall each be guilty of an offence and shall each be liable on conviction —
(4) 伞型VCC无合理理由而违反第(1)款的，该VCC及该VCC每名失责的高级人员均构成犯罪，并各自在定罪后承担以下责任：
SG-VCC-ACT(a) if the offence was committed with intent to defraud any person, to a fine not exceeding $150,000; or
(a) 如犯罪时意图欺诈任何人，处不超过150,000新加坡元的罚款；或
SG-VCC-ACT(b) in any other case, to a fine not exceeding $50,000.
(b) 在任何其他情况下，处不超过50,000新加坡元的罚款。
Section 97 — Annual return / 第97条 — 年度申报表
SG-VCC-ACT97.—(1) Every VCC must lodge a return with the Registrar after its annual general meeting and within 7 months after the end of its financial year.
97.—(1) 每家VCC均须在其年度股东大会后，并在其财政年度结束后7个月内，向注册官提交申报表。
SG-VCC-ACT(2) The Registrar may, if the Registrar thinks there are special reasons to do so, extend any period within which a VCC must lodge a return under subsection (1) —
(2) 注册官如认为存在特别理由，可在以下情况下延长VCC根据第(1)款提交申报表的期限：
SG-VCC-ACT(a) upon an application by the VCC; or
(a) 应该VCC的申请；或
SG-VCC-ACT(b) in respect of any prescribed class of VCCs.
(b) 就任何订明类别的VCC而言。
SG-VCC-ACT(3) The return in subsection (1) —
(3) 第(1)款所述申报表：
SG-VCC-ACT(a) must be in such form;
(a) 必须采用订明的格式；
SG-VCC-ACT(b) must contain such particulars and information; and
(b) 必须载有订明的详情及资料；以及
SG-VCC-ACT(c) must be accompanied by such documents,
(c) 必须随附订明的文件，
SG-VCC-ACTas may be prescribed.
具体以订明要求为准。
SG-VCC-ACT(4) The particulars to be contained in, and the documents that are to accompany, the return in subsection (1) may differ according to the class or description of VCC prescribed.
(4) 第(1)款所述申报表应载的详情及应随附的文件，可因所订明的VCC类别或描述而有所不同。
SG-VCC-ACT(5) If a VCC is required under section 78(4) to hold an annual general meeting for a financial year after it has lodged its annual return for that financial year, the VCC must lodge a notice of the date on which the annual general meeting was held with the Registrar within 14 days after that date.
(5) 如VCC在已提交某财政年度的年度申报表后，根据第78(4)条须就该财政年度举行年度股东大会，则该VCC须在大会举行之日后14日内，向注册官提交载明该年度股东大会举行日期的通知。
SG-VCC-ACT(6) If a VCC fails to comply with this section, the VCC and every officer of the VCC who is in default shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $10,000, and also to a default penalty.
(6) VCC未遵守本条的，该VCC及该VCC每名失责的高级人员均构成犯罪，并各自在定罪后处不超过10,000新加坡元的罚款，另处失责罚金。
Section 99 — Accounting records and systems of control / 第99条 — 会计记录及控制制度
SG-VCC-ACT99.—(1) Subject to section 5, section 199 of the Companies Act 1967 applies in relation to a VCC and a subsidiary company of a VCC, as it applies in relation to a company or public company, and a subsidiary company of a public company.
99.—(1) 在第5条的规限下，《1967年公司法》第199条适用于VCC及VCC的附属公司，其适用方式与该条适用于公司或公众公司及公众公司的附属公司的方式相同。
SG-VCC-ACT(2) In addition to the requirements of section 199 of the Companies Act 1967 as applied by subsection (1), an umbrella VCC must also —
(2) 除第(1)款所适用的《1967年公司法》第199条的要求外，伞型VCC还必须：
SG-VCC-ACT(a) keep separate accounting and other records for each sub‑fund —
(a) 为每个子基金分别保存符合以下要求的会计及其他记录：
SG-VCC-ACT(i) that sufficiently explain the transactions and financial position of the sub‑fund; and
(i) 足以说明该子基金的交易及财务状况；以及
SG-VCC-ACT(ii) that will enable true and fair financial statements, and any document required to be attached to those records, to be prepared from time to time; and
(ii) 能够据以不时编制真实而公允的财务报表，以及须附于该等记录的任何文件；以及
SG-VCC-ACT(b) devise and maintain a system of internal accounting controls sufficient to provide a reasonable assurance that —
(b) 建立并维持足以就下列事项提供合理保证的内部会计控制制度：
SG-VCC-ACT(i) assets of each sub-fund are safeguarded against loss from unauthorised use or disposition; and
(i) 每个子基金的资产受到保障，不会因未经授权的使用或处置而发生损失；以及
SG-VCC-ACT(ii) transactions of each sub-fund are properly authorised and that they are recorded as necessary to permit the preparation of true and fair financial statements of the VCC and to maintain accountability of assets.
(ii) 每个子基金的交易均获适当授权，并按编制VCC真实而公允的财务报表及维持资产问责所需的方式予以记录。
SG-VCC-ACT(3) The VCC mentioned in subsection (2) must —
(3) 第(2)款所述VCC必须：
SG-VCC-ACT(a) keep the records mentioned in subsection (2)(a) in a manner that will enable them to be conveniently and properly audited; and
(a) 以便于对第(2)(a)款所述记录进行适当审计的方式保存该等记录；以及
SG-VCC-ACT(b) keep any such record that relates to a particular transaction or operation for a period of not less than 5 years starting on the last day of the financial year in which the transaction or operation is completed.
(b) 对与某项特定交易或业务有关的任何该等记录，自完成该交易或业务的财政年度最后一日起保存不少于5年。
SG-VCC-ACT(4) Subject to section 5 and subsection (5), section 199(3), (4) and (5) of the Companies Act 1967 applies in relation to the records mentioned in subsection (2)(a) as it applies in relation to the accounting and other records of a company.
(4) 在第5条及第(5)款的规限下，《1967年公司法》第199(3)、(4)及(5)条适用于第(2)(a)款所述记录，其适用方式与该等条款适用于公司的会计及其他记录的方式相同。
SG-VCC-ACT(5) If subsection (2) or (3), or section 199(3) or (4) of the Companies Act 1967 as applied by subsection (4), is contravened, the VCC and every officer of the VCC who is in default shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 12 months and also to a default penalty.
(5) 如违反第(2)款或第(3)款，或违反经第(4)款适用的《1967年公司法》第199(3)或(4)条，该VCC及该VCC每名失责的高级人员均构成犯罪，并各自在定罪后处不超过10,000新加坡元的罚款或不超过12个月的监禁，另处失责罚金。
Section 107 — Appointment and remuneration of auditors / 第107条 — 审计师的委任及报酬
SG-VCC-ACT107.—(1) Subject to section 5 and subsection (2), section 205 (except subsection (12A)) of the Companies Act 1967 applies in relation to a VCC as it applies in relation to a company.
107.—(1) 在第5条及第(2)款的规限下，《1967年公司法》第205条（第(12A)款除外）适用于VCC，其适用方式与该条适用于公司的方式相同。
SG-VCC-ACT(2) Where a VCC need not hold an annual general meeting for a financial year under section 78(1), and the auditor or auditors of the VCC is or are appointed by a resolution by written means under section 184A of the Companies Act 1967 (as applied by section 80(3)) by reason of section 78(7), the references in section 205(11) and (12) of the Companies Act 1967 to the date of an annual general meeting are to the time —
(2) 如VCC根据第78(1)条无须就某财政年度举行年度股东大会，且因第78(7)条，VCC的审计师系通过《1967年公司法》第184A条（经第80(3)条适用）所规定的书面决议委任，则《1967年公司法》第205(11)及(12)条中对年度股东大会日期的提述，是指以下时间：
SG-VCC-ACT(a) agreement to the resolution is sought in accordance with section 184C of the Companies Act 1967 (as applied by section 80(3)); or
(a) 按照《1967年公司法》第184C条（经第80(3)条适用）征求对该决议同意的时间；或
SG-VCC-ACT(b) documents mentioned in section 183(3A) of the Companies Act 1967 (as applied by section 80(1)) in respect of the resolution are served or made accessible in accordance with section 183(3A) of that Act (as applied by section 80(1)),
(b) 就该决议而言，按照《1967年公司法》第183(3A)条（经第80(1)条适用），送达或提供查阅该条（经第80(1)条适用）所述文件的时间，
SG-VCC-ACTas the case may be.
视具体情况而定。