In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Finance Companies Act 1967 · 2020 Revised Edition · Part 3 · Reserve Funds, Dividends, Balance Sheets and Information
18A. Maintenance of adequate provision for bad and doubtful debts
Feedback & supportEvery finance company must make provision for bad and doubtful debts and, before any profit or loss is declared, ensure that the provision is adequate.
finance company
Defined · s 2
“finance company” means any company licensed under this Act to carry on financing business, and all branches and offices in Singapore of such a company are deemed to be one finance company for the purposes of this Act;