Singapore legislation

Section 36

of Moneylenders Act

Section 36

Power of Minister to grant exemptions

(1)

The Minister may, upon payment of the prescribed fee, exempt, with or without conditions, any body corporate or society from all or any of the provisions of this Act, and may revoke any exemption granted by him at any time by the service of a notice of revocation in writing on the body corporate or society.

(2)

Every exemption under subsection (1) shall in the first instance be valid for a period of 3 years or less from the date of the granting thereof but may, upon payment of the prescribed fee, be extended thereafter, with or without additional conditions, for further periods not exceeding 3 years at a time. [35

Section 36 — Moneylenders Act | laws.sg