s 33G Duties of designated operating entity or trustee-manager, etc.
33G.—(1) The designated operating entity that is the subject of a special administration order under this Part or, in the case of such a designated operating entity that is a business trust, its trustee-manager —(a) must facilitate the handover of the operations to the appointed person as specified in the order; (b) must not obstruct the appointed person’s access to property or the exercise by the appointed person of the appointed person’s responsibilities under or pursuant to the special administration order; and (c) must comply with reasonable directions given by the appointed person in the exercise of the appointed person’s responsibilities under or pursuant to the special administration order. (2) The designated operating entity or trustee-manager which fails to comply with subsection (1) or an order under section 33D(1)(b) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 6 months or to both. [Act 20 of 2024 wef 01/04/2025] —(1) The designated operating entity that is the subject of a special administration order under this Part or, in the case of such a designated operating entity that is a business trust, its trustee-manager —(a) must facilitate the handover of the operations to the appointed person as specified in the order; (b) must not obstruct the appointed person’s access to property or the exercise by the appointed person of the appointed person’s responsibilities under or pursuant to the special administration order; and (c) must comply with reasonable directions given by the appointed person in the exercise of the appointed person’s responsibilities under or pursuant to the special administration order. (2) The designated operating entity or trustee-manager which fails to comply with subsection (1) or an order under section 33D(1)(b) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 6 months or to both.