In forceAmended2021 Revised EditionCurrent version · 2021 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Stamp Duties Act 1929 · 2021 Revised Edition · Part 8B · Application of Act to Vccs
60N. Fines on umbrella VCC considered liability of its sub‑funds in certain cases
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Last amended by an amending law of 2019.
Any fine imposed on an umbrella VCC, and any composition sum that may be paid by it, for an offence under this Act that is committed —
(a)
in respect of any instrument executed for the purpose of a sub‑fund; or
(b)
in respect of any information, or other matter relating to a sub‑fund,are considered (for the purpose of section 29 of the VCC Act) liability incurred by the umbrella VCC for the purpose of the sub‑fund.