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Title_of_text

Co-operative Societies (Amendment) Act 2008 (No. 23 of 2008).

Main Region

First Region

Singapore
Cooperatives
2008-10-02
National
Law, Act

Second Region

Makes amendments to the 1985 revised edition of the Co-operative Societies Act: sections 2 (definitions), 4 (governing body of society), 6 (registered name), 7, 8, 9 (registration of a society by the Registrar), 10 (evidence of registration), 10A (Registers), 13 (apex organization), 14, 15, 16, 16A (conversion from non-credit society to credit society), 16B (control of credit societies), 16C (change of name of society), 19, 22, 27, 30, 32, 33 (audit of societies), 34 (financial statements), 35 (imposition of additional duties on auditor), 36 (audit committees), 37, 39, 41, 52, 54, 55, 56, 57, 59 (Constitution of committee of management of society), 60 (eligibility for membership of committee of management), 61, 63 (liability of members of committee), 64 (disclosure of interests in transactions, property, offices etc.), 65 (restrictions relating to honoraria etc. of members of committee), 65A (suspension of officers, 66, 67 (restrictions on loans), 68 (restrictions on borrowings), 69 (investment of funds), 71, 72, 74, 76, 78, 79 (inquiry by Registrar), 83, 85, 88, 90, 91, 93 (miscellaneous powers of Registrar), 93A (power to freeze bank accounts), 93B (Codes, guidelines etc. by Registrar), 94, 95, 95 (foreign co-operative societies), 97A (general exemption), 97B (amendment of Schedule), 99, 100 (general penalty), 100A (false reports made by officer to member of committee, auditor or member of society), 100B (fraudulently inducing persons to invest or deposit money with society), 100C fraud by officers against creditors of societies), 100D (offences by bodies corporate etc.), 100E (jurisdiction of courts), 100F (composition of offences), 102. Also repeals First and Second Schedule and makes amendments to the Third Schedule. Makes consequential amendments to the Banking Act and the Finance Companies Act.

Amended Text region

Serial region

    Serial title
    Government Gazette, Acts Supplement
    Date
    2008-10-17
    Number
    No. 22
    Page range
    pp. 577-625