Singapore legislation
Clause 34
Clause 34
Restriction on undischarged bankrupt carrying on business
(1)
Any undischarged bankrupt (whether adjudicated bankrupt by a Singapore court or a foreign court having jurisdiction in bankruptcy) —
who is required to be registered and who carries on any business in Singapore; or
who, directly or indirectly, takes part in or is concerned in the management of any business carried on by any person required to be registered,without the leave of the High Court or the written permission of the Official Assignee, 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.
(2)
On an application by an undischarged bankrupt under subsection (1) to the High Court or the Official Assignee, as the case may be, the High Court or the Official Assignee may refuse the application or approve the application subject to such conditions as the High Court or the Official Assignee, as the case may be, may impose.
(3)
The leave of the High Court for the purpose of this section is not to be given unless notice of intention to apply for leave has been served on the Official Assignee and the Official Assignee is heard on the application.