Singapore legislation
Clause 88
Clause 88
Directions for disposal
(1)
If the Minister is satisfied that any person has failed to comply with a condition imposed on the person in section 87(2) or (3), or if the Minister has served a notice on the person in section 87(5), the Minister may, by written notice —
(a)
direct the transfer or disposal of all or any of the shares in the Division 6 FI or resulting FI held by the person within such time and in such manner as the Minister considers appropriate;
(b)
restrict the transfer or disposal of those shares; or
(c)
make such other direction as the Minister considers appropriate.
(2)
Any person to whom a notice is given under subsection (1) must comply with each direction specified in the notice.