officer previously;
(b) in the case of a business entity —
(i) that the business entity has been convicted in Singapore or
elsewhere of any offence involving fraud, dishonesty or moral
turpitude;
(ii)
that the business entity has had a judgment entered against the
business entity in civil proceedings that involves a finding of
fraud, dishonesty or breach of fiduciary duty on the part of the
business entity;
(iii)
that any officer of the business entity is not a fit and proper
person to be an officer of a business entity holding the licence;
(iv)
that the business entity is in liquidation or is the subject of a
winding up order, or there is a receiver appointed in relation to
the business entity, or the business entity has entered into a
composition or scheme of arrangement with the creditors of the
business entity; or
(v)
that the business entity has had a licence revoked by the
licensing officer previously.
(9) In deciding, for the purposes of subsection (8)(b)(iii), whether an officer of a
business entity is a fit and proper person to be an officer of a business entity holding a
licence, the licensing officer may take into account any matter the licensing officer
considers relevant, including any of the matters in subsection (8)(a)(i) to (v) with each
reference to the individual substituted with a reference to the officer.
(10) In this section, “officer of a business entity” means any director or partner of the
business entity or other person who is responsible for the management of the business
entity.
Conditions of licence
27.—(1) The licensing officer may grant a licence to an applicant, or renew an
applicant’s licence, subject to such conditions as the licensing officer thinks fit to
impose.
(2) For the purpose of subsection (1), the licensing officer may specify —
Singapore Statutes Online
Published in Acts Supplement on 12 Mar 2018
PDF created date on: 30 Aug 2022
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