Section 40
Society to continue to exist
ActIn forceProvision 40 of 74
Section 40
(1)
The Singapore Society of Accountants shall continue to exist as a body corporate having perpetual succession and a common seal and shall be capable of —
(a)
suing and being sued;
(b)
acquiring, owning, holding and developing or disposing of property, both movable and immovable;
(c)
doing and suffering such other acts or things as bodies corporate may lawfully do and suffer; and
(d)
exercising such other powers as are conferred under or by virtue of this Part.
(2)
The Society shall be known as the Institute of Certified Public Accountants of Singapore.[25