Singapore legislation
Clause 18
Clause 18
Amendment of section 119
Section 119 of the Companies Act is amended —
(a)
by deleting the word “company” in the 2nd line of subsection (1) and substituting the words “person or class of persons”; and
(b)
by inserting, immediately after subsection (1), the following subsection:“(1A) Any person who contravenes or fails to comply with any of the conditions specified in the notification shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.”.