Economic Development Board (Amendment) Bill

Bill No. 7/1975

Read the first time on 25th February 1975.

An Act to amend the Economic Development Board Act (Chapter 189 of the Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

Short title and commencement

1. This Act may be cited as the Economic Development Board (Amendment) Act, 1975 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Amendment of section 5

2. Section 5 of the Economic Development Board Act (hereinafter in this Act referred to as “the principal Act”) is hereby amended —

(a)

by deleting subsection (1) thereof and substituting therefor the following: —

“(1) The Board shall consist of —

(a)	the Chairman of the Board appointed under section 4 of this Act;
(b)	the Director of the Board appointed under section 7 of this Act; and
(c)	not less than four and not more than ten other members who shall be appointed by the Minister.”;

(b)

by deleting subsection (5) thereof and substituting therefor the following: —

“(5) The Minister may appoint not more than two members of the Board to be Deputy Chairmen of the Board.”; and

(c)

by inserting immediately after subsection (5) thereof the following subsections: —

“(5A) At any time when the Chairman is absent or otherwise incapable of acting, or there is a vacancy in the office of Chairman —

(a)	such one of the Deputy Chairmen as the Minister may direct, or in default of any such direction such one of them as they may agree; or
(b)	if there is only one Deputy Chairman, that Deputy Chairman,

may exercise any of the functions of the Chairman.

(5B) At any time when every person who is Chairman or Deputy Chairman is absent or otherwise incapable of acting, or there is no such person, such member of the Board as the Minister may direct, or in default of any such direction such member as the Board may agree, may perform any of the functions of the Chairman.”.

New section 11A

3. The principal Act is hereby amended by inserting immediately after section 11 thereof the following section: —

“Appointment of member to act on behalf of Chairman outside Singapore

11A. The Chairman of the Board may, with the approval of the Minister, appoint a member of the Board to perform the functions of the Chairman outside Singapore in relation to such matters or class of matters as the Chairman may specify.”.

Amendment of section 22

4. Section 22 of the principal Act is hereby amended by inserting immediately after the word “preceding” appearing therein the word “financial”.

New section 24A

5. The principal Act is hereby amended by inserting immediately after section 24 thereof the following section: —

“Affixing of common seal

24A.—(1) The fixing of the common seal of the Board shall be authenticated by the signature of —

(a)	the Chairman or a Deputy Chairman; and
(b)	an officer of the Board authorised by the Board, either generally or specially, to act for that purpose.

(2) Any document purporting to be a document duly executed under the seal of the Board shall be admissible in evidence and shall, unless the contrary is proved, be deemed to be a document so executed.”.

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