Co-operative Societies (Exemption under Section 97) (No. 5) Order 2012

Status:

Current version
as at 18 Dec 2024

No. S 511

Co-operative Societies Act

(CHAPTER 62)

Co-operative Societies
(Exemption under Section 97) (No. 5)
Order 2012

In exercise of the powers conferred by section 97 of the Co‑operative Societies Act, Mr Chan Chun Sing, Senior Minister of State, charged with the responsibility of the Minister for Community Development, Youth and Sports, hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Co-operative Societies (Exemption under Section 97) (No. 5) Order 2012 and shall come into operation on 11th October 2012.

Exemption from section 73(3) of Act

2.—(1) Each of the entities listed in Part I of the Schedule shall be exempted from section 73(3) of the Act with respect to the transfer of all the bonus shares held by the entity in NTUC First Campus Co‑operative Ltd as at 4th October 2012 to NTUC Enterprise Co‑operative Ltd.

(2) Each of the entities listed in Part II of the Schedule shall be exempted from section 73(3) of the Act with respect to the transfer of all the bonus shares held by the entity in NTUC Foodfare Co‑operative Ltd as at 4th October 2012 to NTUC Enterprise Co‑operative Ltd.

(3) Each of the entities listed in Part III of the Schedule shall be exempted from section 73(3) of the Act with respect to the transfer of all the bonus shares held by the entity in NTUC Income Insurance Co‑operative Ltd as at 4th October 2012 to NTUC Enterprise Co‑operative Ltd.

Made this 4th day of October 2012.

CHAN HENG KEE

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

[MCYS 76-13-03 Vol. 6; AG/LLRD/SL/62/2010/2 Vol. 2]

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