Eligibility for membership of committee of management, or to be key employee of credit society
60.—(1)  No person shall be eligible for membership of the committee of management of a society, to be a key employee of a credit society, or to remain a member of the committee of management of a society or a key employee of a credit society, if —
(a)he is below 21 years of age, except in the case of a school co-operative society;
(b)he is not —
(i)a citizen of Singapore; or
(ii)subject to subsection (2), resident in Singapore,
except with the approval of the Registrar;
(c)he is an undischarged bankrupt;
(d)[Deleted by Act 23 of 2008]
(e)he has been convicted of an offence under this Act;
(f)he has been dismissed as an employee of a society; or
(g)he has been found to have previously misused or mismanaged the funds of a society.
[23/2008]
(2)  For the purposes of subsection (1)(b)(ii), the Registrar may, by written directions, stipulate the number or proportion of persons resident in Singapore who shall be eligible for membership of the committee of management of any society or class of societies, as the case may be.
[23/2008]
(3)  Where a person has been convicted, whether in Singapore or elsewhere, of any offence (not being an offence under this Act) involving fraud or dishonesty, he shall not be eligible to be, or remain, a member of the committee of management of a non-credit society for the following periods except with the written approval of the Registrar:
(a)where he has been sentenced to imprisonment in respect of the offence, for a period commencing from the date of his conviction until 5 years after his release from prison; or
(b)where he has not been sentenced to imprisonment in respect of the offence, for a period of 5 years commencing from the date of his conviction or such shorter period with the leave of the High Court.
[23/2008]
(4)  No person shall be eligible to be, or remain, a key employee of a credit society or a member of the committee of management of a credit society, except with the written approval of the Registrar, where he has been convicted, whether in Singapore or elsewhere, of any offence (not being an offence under this Act) involving fraud or dishonesty.
[23/2008]