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]
(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]
(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]
(5)  Where a society is required by the Rules to appoint a chief executive officer, a chief operating officer, a chief financial officer or a chief investment officer —
(a)except with the Registrar’s written approval, an individual is not eligible to be, or to remain as, the chief executive officer, chief operating officer, chief financial officer or chief investment officer (as the case may be) for the society, if the individual does not satisfy the requirements under section 59B for that office; and
(b)the society does not incur any liability for breach of contract by reason only of terminating the contract of service between the society and the individual on the ground that the individual is not eligible to be, or to remain as, the chief executive officer, chief operating officer, chief financial officer or chief investment officer (as the case may be) for the society.
[Act 3 of 2018 wef 01/11/2019]
(6)  Despite subsection (5), for a period of 3 years starting on the date of commencement of section 33(i) of the Co‑operative Societies (Amendment) Act 2018, that subsection does not apply —
(a)to a chief executive officer, chief operating officer, chief financial officer or chief investment officer who —
(i)is appointed before that date by a society; and
(ii)is holding that office immediately before that date; or
(b)to a society the chief executive officer, chief operating officer, chief financial officer or chief investment officer of which —
(i)is appointed before that date by the society; and
(ii)is holding that office immediately before that date.
[Act 3 of 2018 wef 01/11/2019]
(7)  Except with the Registrar’s written approval, an individual is not eligible to be re‑elected or co‑opted as a member of the committee of management of a credit society, if the individual fails to complete such training, or comply with such other requirements, as may be specified in the Rules within such time as may be specified in the Rules.
[Act 3 of 2018 wef 01/11/2019]