s 6 No pawnbroking without licence, etc.
6.—(1) Subject to subsection (2), it shall be an offence for a person to carry on the business of pawnbroking in Singapore or to hold out that the person is carrying on that business. (2) A person may carry on the business of pawnbroking, and hold out that the person is carrying on that business, only in accordance with —(a) a licence granted under this Act; (b) the Registrar’s directions under section 41; (c) a waiver certificate under section 43; or (d) a class waiver under section 46. (3) A person guilty of an offence under subsection (1) shall be liable on conviction —(a) if the person has no previous qualifying conviction, to a fine not exceeding $50,000; and (b) if the person has any previous qualifying conviction, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 12 months or to both. (4) In subsection (3), “qualifying conviction” means a conviction for an offence under subsection (1) or under section 8(5) of the repealed Act.