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← Companies Act 1967

Companies Act 1967 s 409B

s 409B Composition of offences

409B.—(1) The Registrar may, in his or her discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding the lower of the following:(a) one half of the amount of the maximum fine that is prescribed for the offence; (b) $20,000.[36/2014] [Act 24 of 2025 wef 06/05/2026] (2) The Registrar may, in his or her discretion, compound any offence under this Act (including an offence under a provision that has been repealed) which —(a) was compoundable under this Act at the time the offence was committed; but (b) has ceased to be so compoundable, by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding the lower of the following: (c) one half of the amount of the maximum fine that is prescribed for the offence at the time it was committed; (d) $20,000.[36/2014] [Act 24 of 2025 wef 06/05/2026] (3) On payment of the sum of money referred to in subsection (1) or (2), no further proceedings may be taken against that person in respect of the offence.[36/2014] (4) The Minister may prescribe the offences which may be compounded.[36/2014]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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