Singapore legislation
Clause 10
Clause 10
Registrar to grant or renew dealer’s licence in certain circumstances
The Registrar shall grant or renew a dealer’s licence if —
(a)
after consideration —
(i)
where the applicant is an individual — of the character and financial position of the applicant; or
(ii)
where the applicant is a corporation — of the character of the directors and the secretary of the corporation and of the corporation’s financial position; and
(b)
after consideration of the interests of the public,he is of the opinion that the applicant is a fit and proper person to hold the licence applied for.