Co-operative Societies (Exemption under Section 97) (No. 2) Order 2017

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Current version
as at 25 Apr 2024

No. S 482

Co-operative Societies Act

(CHAPTER 62)

Co-operative Societies
(Exemption under Section 97) (No. 2)
Order 2017

In exercise of the powers conferred by section 97 of the Co‑operative Societies Act, the Minister for Culture, Community and Youth makes the following Order:

Citation and commencement

1. This Order is the Co-operative Societies (Exemption under Section 97) (No. 2) Order 2017 and comes into operation on 31 August 2017.

Exemption from section 89(3) of Act

2. NorthLight School Multipurpose Co‑operative Limited is exempt from section 89(3) of the Act, insofar as —

(a)	any moneys remaining after the application of its funds to the purposes specified in section 88 of the Act; and
(b)	any sums unclaimed after 2 years from the date of cancellation of its registration,

are to be donated to the General Fund of NorthLight School, instead of being transferred to the Co‑operative Societies Liquidation Account.

Made on 28 August 2017.

YEOH CHEE YAN

Permanent Secretary,
Ministry of Culture,
Community and Youth,
Singapore.

[MCCY 76-13-03 Vol. 7; AG/LEGIS/SL/62/2015/2 Vol. 1]

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