Singapore legislation
Regulation 15
of Insurance (Approved Marine, Aviation and Transit Insurers) Regulations
Regulation 15
Requirements as to statements of capital
Where a notice, an advertisement or other official publication of a corporation approved under regulation 5 which is made to or directed at persons in Singapore —
(a)
contains a statement of the authorised share capital of the corporation; and (b)does not contain a statement of how much of that share capital has been subscribed and how much is paid up, the corporation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.