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← Exchange Control Act 1953

Exchange Control Act 1953 s 14

s 14 Payment of capital moneys outside Singapore

14. Except with the permission of the Authority —(a) no person in Singapore shall do any act with intent to secure that capital moneys payable on a security registered in Singapore are paid outside Singapore, or that, where the certificate of title to a security is in Singapore, capital moneys payable on the security are paid outside Singapore without production of the certificate to the person making the payment; and (b) no person resident in the scheduled territories shall in Singapore do any act which involves, is in association with or is preparatory to any such transaction outside Singapore as is referred to in paragraph (a).

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

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

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