Penalties for corporations
55A.—(1)  Subject to subsection (2), where a corporation is convicted of an offence under this Act, the penalty that the court may impose is a fine not exceeding 2 times the maximum amount that the court could, but for this subsection, impose as a fine for that offence.
[41/2001]
[23/2003 wef 01/01/2004]
(2)  Subsection (1) shall not apply to any offence under this Act —
(a)in respect of the breach of a duty imposed only on corporations; or
(b)for which different penalties are prescribed in this Act (other than section 55(4)) for individuals and for other persons found guilty of the offence.
[Act 11 of 2013 wef 18/04/2013]
(3)  Where an individual is convicted of an offence under this Act by virtue of section 55(3), he shall be liable to the fine or imprisonment or both as prescribed for that offence and subsection (1) shall not apply.
[41/2001]