Singapore legislation

Clause 19

of Accounting and Corporate Regulatory Authority Bill

Clause 19

Power to borrow

For the discharge of its functions under this Act or any other written law, the Authority may, from time to time, raise loans from the Government or, with the approval of the Minister for Finance, raise loans from banks or other financial institutions (whether in Singapore or elsewhere) by —

(a)

mortgage, overdraft or otherwise;

(b)

charge, whether legal or equitable, on any property vested in the Authority or on any other revenue receivable by the Authority under this Act or any other written law; or

(c)

the creation and issue of debentures or bonds.

Read in full context — Accounting and Corporate Regulatory Authority Bill →