Singapore legislation

Clause 35

of Limited Partnerships Bill

Clause 35

Composition of offences

(1)

The Registrar 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 —

(a)

one half of the amount of the maximum fine that is prescribed for the offence; or

(b)

$5,000,whichever is the lower.

(2)

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

(3)

All sums collected under this section shall be paid to the Authority.