Singapore legislation

Section 15

of Moneylenders Act 2008

Section 15

Approval of change in business name

Amended by7/20187/20187/20187/20187/2018

(1)

Every licensee must obtain the written approval of the Registrar before changing the licensee’s business name.

Amended by7/2018

(2)

An application for the Registrar’s approval mentioned in subsection (1) must be made in the form and manner specified by the Registrar.

Amended by7/2018

(3)

On an application by a licensee for the Registrar’s approval mentioned in subsection (1), the Registrar may —

(a)

grant the approval applied for; or

(b)

refuse to grant the approval applied for.

Amended by7/2018

(4)

The Registrar must not refuse to grant an approval under subsection (3)(b) without giving the licensee concerned an opportunity to be heard.

Amended by7/2018

(5)

Any licensee who, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.[11C

Amended by7/2018