Section 55ZC

Maintenance of adequate provisions for bad and doubtful debts

of Banking Act 1970

ActIn forceProvision 115 of 175

Amended by1/2020

Every merchant bank in Singapore must make provision for bad and doubtful debts and, before any profit or loss is declared, ensure that such provision is adequate.

Read in full context — Banking Act 1970 →

Section 55ZC

Maintenance of adequate provisions for bad and doubtful debts

of Banking Act 1970

ActIn forceProvision 115 of 175

Amended by1/2020

Every merchant bank in Singapore must make provision for bad and doubtful debts and, before any profit or loss is declared, ensure that such provision is adequate.

Read in full context — Banking Act 1970 →