Clause 18

Where a person is convicted in Singapore of —

any offence in connection with the formation or management of a corporation;

any offence involving fraud or dishonesty punishable on conviction with imprisonment for 3 months or more; or

an offence under section 157 or 339,the Court may, in respect of an offence under paragraph (a) or (c) and shall, in respect of an offence under paragraph (b), make a disqualification order disqualifying that person from being a director or in any way, whether directly or indirectly, being concerned in or taking part in the management of a company for such period not exceeding 5 years, as is specified in the order, to take effect after his conviction, if he is sentenced to imprisonment, after his release from prison.(2) A person who acts in contravention of a disqualification order under this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.(3) An application for leave may be made by a person against whom a disqualification order has been made upon that person giving the Minister not less than 14 days’ notice of his intention to apply for such leave.(4) On the hearing of any application under this section, the Minister may be represented at the hearing and may oppose the granting of the application.(5) Without prejudice to section 409, a District Court may make a disqualification order under this section.(6) The reference in subsection (1) to the management of a company shall include a reference to management of a foreign company registered under Division 2 of Part XI.”.