Singapore legislation
Clause 148
Clause 148
Composition of offences
(1)
The Registrar may, in his or her discretion, compound any offence under a provision of this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:
one half of the amount of the maximum fine that is prescribed for the offence;
$5,000.
(2)
The Registrar may, in his or her discretion, compound any offence under a provision of this Act (including an offence under a provision that has been repealed) that —
was compoundable under this Act at the time the offence was committed; but(b)has ceased to be so compoundable,by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding the lower of the following:
one half of the amount of the maximum fine that is prescribed for the offence at the time it was committed;
$5,000.
(3)
On payment of the sum of money mentioned in subsection (1) or (2), no further proceedings may be taken against that person in respect of the offence.
(4)
The Minister may prescribe the offences which may be compounded.
(5)
All sums collected under this section must be paid into the Consolidated Fund.
(6)
A reference in this section to a provision of this Act includes a provision of the Companies Act applied by this Act.