Singapore legislation

Regulation 8

of Stamp Duties (Relief from Stamp Duty upon Acquisition of Shares of Companies) Rules 2013

Regulation 8

Commissioner to be notified of certain occurrences

Subregulation 1

Where a claim for relief under section 15A(1) of the Act has been allowed and any condition subsequent specified in rule 5 is not complied with, the acquiring company shall notify the Commissioner of the circumstances of the occurrence within 30 days after the date of the occurrence.

Subregulation 2

Any company which fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000.