Co-operative Societies (Exemption under Section 97) (No. 2) Order 2014

Status:

Current version
as at 22 Nov 2024

No. S 552

Co-operative Societies Act

(CHAPTER 62)

Co-operative Societies (Exemption under
Section 97) (No. 2) Order 2014

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

Citation and commencement

1. This Order may be cited as the Co-operative Societies (Exemption under Section 97) (No. 2) Order 2014 and shall come into operation on 27 August 2014.

Exemption from section 89(3) of Act

2. Singapore Polytechnic Co-operative Limited shall be exempt from section 89(3) of the Act, in so far 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,

shall be donated to the Singapore Polytechnic Endowment Fund, instead of being transferred to the Co-operative Societies Liquidation Account.

Made on 22 August 2014.

YEOH CHEE YAN

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

[MCCY 076-013-003 Vol. 7; AG/LLRD/SL/62/2010/2 Vol. 4]

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