Singapore legislation
Clause 33
Clause 33
Restriction on undischarged bankrupt being manager of limited liability partnership
(1)
Any person who, being an undischarged bankrupt (whether he was adjudicated bankrupt by a court in Singapore or elsewhere), acts as manager of any limited liability partnership without the leave of the High Court or the written permission of the Official Assignee, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.
(2)
On an application by an undischarged bankrupt under subsection (1) to the High Court or the Official Assignee, the High Court or the Official Assignee, as the case may be, may refuse the application or approve the application subject to such conditions as the High Court or the Official Assignee may impose.
(3)
The leave of the High Court for the purpose of this section shall not be given unless notice of intention to apply for leave has been served on the Official Assignee and the Official Assignee is heard on the application.