AI Summary of 6. Amendment of section 35 of Principal Act
Section 35 of the Principal Act has been amended to allow a company to authorise an electronic filing agent to perform specified acts on its behalf. The amendment introduces new subsections addressing the approval process for electronic filing agents, which requires individuals to apply to the Registrar in a prescribed form to receive such approval. A trust or company service provider must possess a relevant authorisation for approval to be granted.
The amendment further stipulates that the approval granted to a firm acting as an electronic filing agent includes all its partners currently in the firm. Additionally, firms must notify the Registrar of any changes in partnership. The transition provisions allow agents notified prior to the amendment's operation to be deemed approved, although trust or company service providers must still hold relevant authorisation.
6. Amendment of section 35 of Principal Act
Section 35 of the Principal Act is amended -
(a) by the substitution of the following subsection for subsection (1):
"(1) A company may authorise an electronic filing agent to do the following acts on its behalf.",
and
(b) by the insertion of the following subsections after subsection (7):
(a) The Registrar may, on application made to him or her by a person in the prescribed form, approve the person to act as an electronic filing agent for the purposes of this section, and a person so approved shall be known, and is in this Act referred to, as an ‘electronic filing agent’.
(b) Where an application under paragraph (a) is made by a trust or company service provider, the Registrar shall not grant approval under that paragraph unless the person is the holder of a relevant authorisation.
(c) The Registrar shall withdraw an approval granted under paragraph (a) where the person ceases to be the holder of a relevant authorisation.