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No. S 25

Co-operative Societies Act

(Chapter 62)

Co-operative Societies (Amendment) Rules 2011

In exercise of the powers conferred by section 95 of the Co-operative Societies Act, the Minister for Community Development, Youth and Sports hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Co-operative Societies (Amendment) Rules 2011 and shall come into operation on 1st February 2011.

New rule 7A

2. The Co-operative Societies Rules 2009 (G.N. No. S 349/2009) are amended by inserting, immediately after rule 7, the following rule:

“Employment and engagement of services of individuals

7A.—(1) Except with the written approval of the Registrar, no credit society shall employ or engage the services of a person who has been convicted, whether before, on or after 1st February 2011 and whether in Singapore or elsewhere, of any offence involving fraud or dishonesty —

(a)	where the person has been sentenced to imprisonment in respect of the offence, for a period beginning on the date of his conviction and ending on the 15th anniversary of the date of his release from prison; or
(b)	where the person has not been sentenced to imprisonment in respect of the offence, for a period of 15 years beginning on the date of his conviction.

(2) Any credit society which contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and, in the case of a continuing offence, to a further fine not exceeding $500 for every day or part thereof during which the offence continues after conviction.”.

Made this 17th day of January 2011.

NIAM CHIANG MENG

Permanent Secretary,
Ministry of Community Development,
Youth and Sports,
Singapore.

[MCYS 76-13-04; AG/LLRD/SL/62/2010/4 Vol. 1]