Post Office Savings Bank of Singapore Act(CHAPTER 237)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short title
2 Interpretation
Part II ESTABLISHMENT, INCORPORATION, FUNCTIONS, POWERS AND CONSTITUTION OF BANK
3 Establishment and incorporation of Bank
4 Functions of Bank
5 Powers of Bank
6 Restrictions on Bank
7 Common seal
8 Board of Directors
9 Chairman
10 Salaries, fees and allowances payable to directors
11 Vacation of office of director
12 Filling of vacancies in the office of director
13 Meetings of directors
14 Director’s interest in contract to made known
15 Validity of acts of directors
16 Secrecy
17 Directions by Minister
Part III PROVISIONS RELATING TO STAFF, TRANSFER OF EMPLOYEES, ETC
18 Appointment of General Manager
19 List of posts and appointment of employees
20 Transfer of employees
21 Pension schemes, provident fund, etc.
22 No entitlement in respect of abolition or reorganisation of office
23 Renumeration not to be related to profits
24 Public servants
Part IV PROVISION RELATING TO THE CARRYING ON OF BUSINESS OF BANK
25 Transfer of business, etc., of Post Office Savings Bank
26 Deposits and repayment
27 Security of Government
28 Interest rates
29 Service charge
30 Interest on loans
31 Attachment of deposits
32 Power to administer oaths
33 Power to appoint attorney
34 Settlement of disputes
Part V FINANCIAL PROVISIONS
35 Bank’s financial year
36 Expenses
37 Estimates
38 General reserve fund
39 Loans
40 Investment of funds
41 Accounts
42 Audit
43 Auditor’s report
44 Annual statement of accounts
45 Annual report
46 Publication of annual report, etc.
Part VI MISCELLANEOUS
47 Protection under Bills of Exchange Act
48 Exemption
49 Validity of acts and transactions of Bank
50 Power to make rules
51 Transitional provisions
52 Validity of previous acts not affected
Legislative History