Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 113

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 113
---
-Malaysian foreign worker employed, which may be purchased at a bank or insurance company. The security bond may be forfeited in any of the following events:

| ● | the                                                                                          
 employer or the foreign worker violates any of the conditions of the work permit or security 
 bond                                                                                         |
| ● | the                                                                                          
 employer fails to pay the foreign worker’s salary on time                                    |
| ● | the                                                                                          
 employer fails to send the foreign worker home when the work permit is expired, revoked or   
 cancelled                                                                                    |
| ● | the                                                                                          
 foreign worker goes missing                                                                  |

| 95 |

Employee who is construction worker or construction worker-cum-driver

Employees employed as construction worker or construction worker-cum-driver are to be deployed only in activities as set out in Fourth Schedule, Part V on the Employment of Foreign Manpower (Work Passes) Regulations 2012.

Central Provident Fund Act 1953, or CPF Act

The Central Provident Fund system is a mandatory social security savings scheme funded by contributions from employers and employees. Pursuant to the CPF Act, an employer is required to make CPF contributions for all employees who are Singapore citizens or permanent residents engaged in a contract of service within Singapore. CPF contributions do not apply to foreigners holding Employment Passes, S Passes or Work Permits. For eligible employees, CPF contributions are required for both ordinary wages and additional wages (subject to a yearly additional wage ceiling) at the applicable prescribed rates which is dependent on factors such as, amongst others, monthly wages and the age of the employee. An employer must pay both the employer’s and employee’s share of the monthly CPF contribution. Recovery of the employee’s share of CPF contributions can be achieved by deducting it from their wages when the contributions are paid for that month. Failure to adhere to the CPF Act on CPF contributions may result in the Central Provident Fund Board, or CPF Board, demanding outstanding contributions and late payment interest from the employers. The CPF Board may also impose a composition amount. If employers fail to settle outstanding Central Provident Fund contributions, late payment interest, and the composition amount (if any) by a given deadline, the CPF Board will commence prosecution actions against the employers. Employers shall be liable on conviction to a court fine or to imprisonment or to both.

Work Injury Compensation Act

The Work Injury Compensation Act 2019, or WICA, which is regulated by MOM, applies to workmen in all industries in respect of injury suffered by them in the course of their employment and sets out,