Singapore legislation
Regulation 3
Regulation 3
Person to whom licence may be issued
Subregulation 1
The Director-General shall not grant a licence to any person unless that person is carrying on business in Singapore and is ––
registered under the Business Registration Act (Cap. 32); or (b)in the case of a company, incorporated or registered under the Companies Act (Cap. 50).
Subregulation 2
The Director-General may refuse to grant a licence to an applicant if he is satisfied that the applicant or one of his partners or, if the applicant is a body corporate, one of its directors —
had previously been convicted of an offence under the Act or these Regulations; or
was the holder of a licence which had been suspended or cancelled under section 46 of the Act.
Subregulation 3
The Director-General may at any time vary or revoke any of the existing restrictions or conditions of a licence, or impose new restrictions or conditions.