Singapore legislation

Section 72

of Accountants Act

Section 72

Composition of offences

Amended by48/9848/98

(1)

The Board or any person authorised in writing in that behalf by the Board may, in its or his discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding $1,000.

Amended by48/98

(2)

On payment of such sum of money, no further proceedings shall be taken against such person in respect of the offence. [57

Amended by48/98
Section 72 — Accountants Act | laws.sg