Singapore legislation
Section 48B
Section 48B
Recovery of fees, expenses, etc.
Amended by10/2013
There is recoverable as a civil debt due to the Authority from the finance company concerned —
(a)
the amount of any fees payable under section 6(7); and
(b)
any remuneration and expenses payable by the finance company to —
(i)
a statutory adviser appointed under section 35(2);
(ii)
a statutory manager appointed under section 35(2);
(iii)
the Authority or any person authorised or appointed by the Authority under section 42 in relation to the Authority’s assumption of control of any business of the finance company under section 35; and
(iv)
any person appointed to perform any independent assessment under Part 6A.