Singapore legislation
Clause 71
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 71
Penalty for corporation
(1)
Subject to subsections (2) and (3), where a corporation or body corporate is convicted of an offence under this Act, the penalty that the court may impose is a fine not exceeding 2 times the maximum amount that the court could, but for this subsection, impose as a fine for that offence.
(2)
Subsection (1) shall not apply to —
offences under sections 6(8) and 32(8); and
offences under the subsidiary legislation made under this Act where it is expressly provided in the subsidiary legislation that subsection (1) shall not apply to those offences.
(3)
Where an individual is convicted of an offence under this Act by virtue of section 66, he shall be liable to the fine or imprisonment or both as prescribed for that offence and subsection (1) shall not apply.