Singapore legislation
Section 26E
Section 26E
Power to obtain information
(1)
Without affecting any other provision of this Act, the Postal Authority may, by written notice, direct any designated postal licensee to obtain from any of its shareholders and to transmit to the Postal Authority information —
as to whether that shareholder holds any share in the designated postal licensee as a beneficial owner or trustee; and
if the shareholder holds the share as a trustee, to indicate so far as he or she can, the person for whom he or she holds the share (either by name or by other particulars sufficient to enable that person to be identified) and the nature of his or her interest,and the designated postal licensee must comply with that direction within the time specified in the notice.
(2)
The Postal Authority may, by written notice, require any shareholder of a designated postal licensee to inform the Postal Authority whether he or she holds that interest as a beneficial owner or trustee, and if he or she holds the interest as a trustee, to indicate so far as he or she can, the person for whom he or she holds the interest (either by name or by other particulars sufficient to enable that person to be identified) and the nature of his or her interest.
(3)
Any person who —
fails to comply with a notice under this section; or
in purported compliance of the notice, knowingly or recklessly, makes a statement which is false in a material particular,shall be guilty of an offence and shall be liable on conviction —
in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $12,500 for every day or part of a day during which the offence continues after conviction; or
in any other case, to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.