In forceAmended2004 Revised EditionCurrent version · 2004 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
3. Grant of licence
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Last amended by an amending law of 2010.
For the purposes of section 86(3) of the Act, the Authority shall not grant a licence to a corporation unless at the time of such grant —
(a)
where the corporation is incorporated in Singapore, its base capital; or
(b)
where the corporation is a foreign company, its net head office funds,is not less than —
(i)
the base capital requirement applicable to the corporation under the First Schedule; or
(ii)
such other requirement as the Authority may approve as appropriate having regard to the operations of the corporation.