Singapore legislation

Section 409B

of Companies Act 1967

Section 409B

Composition of offences

Amended by36/2014Act 24 of 2025 wef 06/05/202636/2014Act 24 of 2025 wef 06/05/202636/201436/2014

(1)

The Registrar may, in his or her 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 of money not exceeding the lower of the following:

(a)

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

(b)

$20,000.

Amended by36/2014Act 24 of 2025 wef 06/05/2026

(2)

The Registrar may, in his or her discretion, compound any offence under this Act (including an offence under a provision that has been repealed) which —

(a)

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:

(c)

one half of the amount of the maximum fine that is prescribed for the offence at the time it was committed;

(d)

$20,000.

Amended by36/2014Act 24 of 2025 wef 06/05/2026

(3)

On payment of the sum of money referred to in subsection (1) or (2), no further proceedings may be taken against that person in respect of the offence.

Amended by36/2014

(4)

The Minister may prescribe the offences which may be compounded.

Amended by36/2014