Singapore legislation

Section 156

of Variable Capital Companies Act 2018

Section 156

Production and inspection of books or papers where offence suspected

(1)

If, on an application made to a judge of the Court in chambers by or on behalf of the Minister, there is shown to be reasonable cause to believe that —

(a)

a person has, while an officer of a VCC, committed an offence in connection with the management of the VCC’s affairs; and

(b)

evidence of the commission of the offence is to be found in any books or papers of or under the control of the VCC,an order may be made —

(c)

authorising any person named in it to inspect such books or papers or any of them for the purpose of investigating and obtaining evidence of the offence; or

(d)

requiring the secretary or such other officer as is named in the order to produce such books or papers or any of them to a person named in the order at a place so named.

(2)

For the purposes of subsection (1), a reference to an officer of a VCC includes the manager of the VCC.

(3)

No appeal lies against any order or decision of a judge under subsection (1).

(4)

This section does not apply to any offence under Part 7.