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laws.sgby aturio
In forceAmended2020 Revised Edition
Contents

Part 8 · Miscellaneous

48B. Recovery of fees, expenses, etc.

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Amended

Last amended by an amending law of 2013.

There is recoverable as a civil debt due to the Authority from the finance company concerned —

(a)

the amount of any fees payable under section 6(7); and

(b)

any remuneration and expenses payable by the finance company to —

(i)

a statutory adviser appointed under section 35(2);

(ii)

a statutory manager appointed under section 35(2);

(iii)

the Authority or any person authorised or appointed by the Authority under section 42 in relation to the Authority’s assumption of control of any business of the finance company under section 35; and

(iv)

any person appointed to perform any independent assessment under Part 6A.

Report

Read on from s 49