Singapore legislation
Clause 32
Clause 32
Books, accounts and records to be produced upon demand
(1)
Upon request by an auditor appointed by the Minister under section 27 or 28 of this Act or by a person who produces a written authority in that behalf given under paragraph ( c) of section 30 of this Act —
a dealer and, where the dealer carries on business in partnership, the other members of the partnership and where the dealer is a company, any director, manager or secretary of that company and the dealer’s servants and agents shall produce any books, accounts and records of and securities held by the dealer relating to his business; and
an auditor appointed by a dealer shall produce any books, accounts and records held by him relating to the business of the dealer.
(2)
A dealer and, where the dealer carries on business in partnership, the other members of the partnership and where the dealer is a company, any director, manager or secretary of that company and the dealer’s servants and agents and any auditor appointed by the dealer, shall answer all questions relevant to an examination and audit which are put to him by an auditor appointed by the Minister under section 28 or 29 of this Act or by a person who produces a written authority in that behalf given under paragraph (c) of section 30 of this Act.
(3)
Any person who contravenes or fails to comply with the provisions of subsection (2) of this section shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding three thousand dollars or to imprisonment for a term not exceeding two years or to both such fine and imprisonment.