A company director Lawrence Fong Kok Liang has been fined a record SGD$57,000 for 38 charges. Fong had failed to hold the annual general meeting and failed to file the annual returns of 19 companies. Fong had been convicted in 2014 for similar offences and compounded 60 similar offences.
In April and May of 2018, five other directors were also convicted for similar offences. Two of the five directors were given a fine of $1,800 per charge. ACRA said was above the range of $800 to $1,200 per charge usually meted out for such offences.
Source: Channel NewsAsia (19th July 2018) Director hit with record S$57,000 fine for offences under Companies Act
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