Section 78: Nominee company
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
78. Nominee company
(1) Any company holding a management licence may, for the purpose of
performing the functions of a nominee company and subject to the approval
of the Commission, form a nominee company.
(2) The nominee company shall—
(a) be a private company registered under the Companies Act;
(b) expressly limit its objects to acting as a nominee company with
respect to corporations and to matters ancillary or incidental
thereto;
(c) pay to the Commission such fees as may be specified in FSC
Rules.