Sunday, 30 August 2015

Under section 157(2) of the Singapore Companies Act, officers (including past officers) or agents of the company are prohibited from making improper use of information that they acquire by virtue of their position as officers or agents of the company to gain either directly or indirectly a benefit for themselves or any other person.

Need advice on a corporate law or criminal law matter? Approach GJC Law, one of Singapore's leading law firms.

More specifically, section 157(2) of the Singapore Companies Act makes it a criminal offence for directors to improperly use information acquired by virtue of their position as directors to gain an advantage for himself or any other person or to cause detriment to the company.

This is in addition to and not in derogation of any other written law or rule of law relating to the duty or liability of directors or officers of a company(section 157(4)).


Failure to comply with these provisions can result in an offence punishable with a fine not exceeding $5,000 or imprisonment for a term not exceeding 12 months.

Need help?

Want to know how to fulfil your statutory duty and to avoid criminal liability? It is recommended that you seek advice from our Singapore Commercial Lawers at Gloria James-Civetta!

Are you facing potential charges? The trial process is often a mentally draining and challenging experience. You should seek a criminal defence lawyer to help you to present your case to the court in the best way possible. Not having a defence lawyer will put you at a great disadvantage. Should you have any questions or require legal representation, kindly contact Gloria James-Civetta & Co on 6337-0469 for a free consultation, or email us at