Singapore legislation

Clause 36

of Accounting and Corporate Regulatory Authority Bill

Clause 36

Composition of offences

(1)

The Chief Executive or any officer of the Authority who is authorised by the Chief Executive may, in his discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding $1,000.

(2)

On payment of such sum of money, no further proceedings shall be taken against that person in respect of the offence.

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