Home News MOF rejects Dr Thum Ping Tjin's appeal on failed company registration on...

MOF rejects Dr Thum Ping Tjin’s appeal on failed company registration on the basis of national interest

- Advertisement -

The Ministry of Finance revealed yesterday that it is upholding the Government’s earlier rejection of Dr Thum Ping Tjin’s application to register a company, since it agrees that registering the company will be “contrary to national interest.”

The Registrar of companies had earlier refused to approve an application to reserve the name “OSEA Pte Ltd” for a proposed company which named Dr Thum – a historian – as its director.

Noting that OSEA proposed to hold forums and workshops in Singapore, such as “democracy classroom” sessions, the Accounting and Corporate Regulatory Authority (ACRA) deemed the company to be “political”.

ACRA also indicated that the company may have ties to foreign influence as it highlighted that OSEA was to be a wholly owned subsidiary of Observatory Southeast Asia Ltd (OSEA UK) and that OSEA UK has received funding from a foreign foundation founded by George Soros.

- Advertisement 1-

After calling ACRA’s allegations “unfounded,” Dr Thum lodged an appeal against the Registrar of Companies for refusing to approve the application to reserve the OSEA Pte Ltd name for the proposed company on 9 May.

Revealing that it will uphold the Registrar’s decision, MOF said that Finance Minister Heng Swee Keat holds the same view as the Registrar that “it is contrary to the national interest for the proposed company to be registered”.

Read MOF press statement here:

“On 9 May 2018, the Ministry of Finance received an appeal from Dr Thum Ping Tjin against the Registrar of Companies’ refusal to approve an application to reserve the name “OSEA Pte Ltd” for registration of a proposed company.

“The Minister for Finance has carefully considered the written representations submitted by Dr Thum and the Registrar’s reasons for rejecting Dr Thum’s application. The Minister takes the view that it was proper and correct for the Registrar to refuse Dr Thum’s application, on the ground that it is contrary to the national interest for the proposed company to be registered.

“The Ministry of Finance informed Dr Thum and the Registrar of Companies of the Minister’s decision to dismiss the appeal today.”Follow us on Social Media

- Advertisement 2-

Send in your scoops to news@theindependent.sg 

- Advertisement -

Read More

Netizen asks DBS to have locals man call centres, bank’s response to “rest arouse our officers are well-trained regardless” proves her point

Singapore -- In a case of public relations gone slightly awry, DBS Bank got itself into a spot with a netizen on Monday (Jan 25). The netizen who goes by the name of Suling Tan commented on one of DBS' ...

Data scientist proves IMDA’s protection scheme against SMS phishing is still vulnerable to hackers

Singapore — The recent OCBC phishing scam that saw at least $8.5 million stolen from the accounts of 470 customers has prompted calls for...

Open letter: Healthcare worker says more leave restrictions will be the final straw for many, “there is only so much we can endure”

Singapore — A healthcare worker penned an open letter to Director of medical services Kenneth Mak on Monday (Jan 25), following the announcement that...

Man ‘chopes’ Ang Mo Kio parking lot ‘for a long time’ — Netizens point out there’s a big carpark nearby

Singapore — After a man was caught on camera using himself as a way to reserve a parking slot in Ang Mo Kio, members...

Morning Digest, Jan 26

‘3 years and look how people still miss you’ — fans remember Aloysius Pang on his death anniversary Deceased NSman Aloysius Pang Singapore — It’s been...

Data scientist proves IMDA’s protection scheme against SMS phishing is still vulnerable to hackers

Singapore — The recent OCBC phishing scam that saw at least $8.5 million stolen from the accounts of 470...

Open letter: Healthcare worker says more leave restrictions will be the final straw for many, “there is only so much we can endure”

Singapore — A healthcare worker penned an open letter to Director of medical services Kenneth Mak on Monday (Jan...

Man ‘chopes’ Ang Mo Kio parking lot ‘for a long time’ — Netizens point out there’s a big carpark nearby

Singapore — After a man was caught on camera using himself as a way to reserve a parking slot...
Follow us on Social Media

Send in your scoops to news@theindependent.sg