Section 381 - Regulations

(1) The Minister may on the advice of the Board, by legislative instrument, make Regulations regulating the exercise by the Registrar of any of the powers and discretions conferred on the Registrar by this Act.

(2) Regulations made under subsection (1) shall include regulations

(a) to provide for the payment to the Registrar of moneys for the publication of matters required by this Act to be published in the Companies Bulletin by the Registrar,

(b) in respect of matters required to be prescribed by the Registrar,

(c) for classifying companies as large, medium or small to grant waivers and exemptions under this Act,

(d) to prescribe the template for beneficial ownership data required to be submitted to the Registrar,

(e) to amend Part One of the Ninth Schedule in respect of statement in lieu of prospectus and financial position and report to accompany the statement,

(f) to prescribe thresholds for the effective application of section 373 of this Act; and

(g) to prescribe administrative and other penalties for offences committed under this Act.

(3) Without limiting subsection (1), the Minister may, on the advice of the Board, by legislative instrument, make Regulations to provide for any other matter necessary for the effective implementation of the provisions of this Act.