July 20, 2012
SEC MEMORANDUM
FOR | : | The Company Registration & Monitoring Dept. |
SUBJECT | : | Bank Certificate of Deposit of Paid-Up Capital |
Per your request quoted hereunder is the excerpt from the minutes of the Commission Meeting held on 13 July 2012, which reads, to wit: cSDHEC
"SEC RES: NO. 331, s. of 2012
RESOLVED, To DISPENSE with the requirement of submission of a Bank Certificate in the registration of stock corporations whose subscription is paid in cash."
(SGD.) C. A. GERARD M. LUKBAN
Commission Secretary