Eligibility for membership of committee of management, or to be key employee
60.—(1)  An individual is not 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 —
(a)if he is below —
(i)12 years of age, in the case of a school co‑operative society; or
(ii)18 years of age, in any other case;
[Act 3 of 2018 wef 10/04/2018]
(b)except with the Registrar’s written approval, if he is not —
(i)a citizen of Singapore; or
(ii)subject to subsection (2), resident in Singapore;
[Act 3 of 2018 wef 10/04/2018]
(c)if he is an undischarged bankrupt (whether he was adjudicated bankrupt by a Singapore court or a foreign court having jurisdiction in bankruptcy);
[Act 3 of 2018 wef 10/04/2018]
(d)[Deleted by Act 23 of 2008]
(e) if he has been convicted of an offence under this Act;
[Act 3 of 2018 wef 10/04/2018]
(f) if he has been dismissed as an employee of a society; or
[Act 3 of 2018 wef 10/04/2018]
(g)except with the Registrar’s written approval, if he has previously been removed by the Registrar from the committee of management of any society, or suspended by the Registrar, under section 94(1) or 94A(1).
[Act 3 of 2018 wef 10/04/2018]
[Act 3 of 2018 wef 10/04/2018]
(2)  For the purposes of subsection (1)(b)(ii), the Registrar may, by written directions, stipulate the number or proportion of individuals 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]
[Act 3 of 2018 wef 10/04/2018]
(3)  Where an individual 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 starting on the date of his conviction until 5 years after his release from prison; or
[Act 3 of 2018 wef 10/04/2018]
(b)where he has not been sentenced to imprisonment in respect of the offence, for a period of 5 years starting on the date of his conviction or such shorter period with the leave of the High Court.
[23/2008]
[Act 3 of 2018 wef 10/04/2018]
[Act 3 of 2018 wef 10/04/2018]
(4)  An individual is not 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]
[Act 3 of 2018 wef 10/04/2018]
[Act 3 of 2018 wef 10/04/2018]