No. S 265
Co-operative Societies Act
(Chapter 62)
Exemption Order under Section 97
In exercise of the powers conferred by section 97 of the Co-operative Societies Act, the Minister for Community Development and Sports hereby exempts the NTUC Income Car Co-operative Ltd from section 70(2) of the Act on condition that the amount of liquid assets required to be kept as reserve fund by NTUC Income Car Co-operative Ltd under that section is guaranteed by NTUC Income Insurance Co-operative Ltd in its Letter of Guarantee dated 24th April 2001.

Dated this 3rd day of May 2001.

Permanent Secretary,
Ministry of Community
Development and Sports,
[MCDS 76-13-03 Vol. 5; AG/LEG/SL/62/97/1 Vol. 1]