Singapore legislation

Section 29

of Economic Development Board Act

Section 29

Regulations

(1)

The Minister may, after consulting with the Board, make such regulations as he may consider necessary or desirable for the proper conduct of the business of the Board including, without prejudice to the generality of the foregoing, regulations with regard to any of the following matters:

(a)

the convening of meetings of the Board and the procedure to be followed thereat;

(b)

the appointment or establishment of committees of the members of the Board, and the co-opting of persons other than members of the Board to those committees;

(c)

the provision of a common seal and the custody and use thereof;

(d)

the manner in which documents, cheques and instruments of any description shall be signed or executed on behalf of the Board;

(e)

the manner and terms of issue and redemption of bonds and debentures by the Board; (f)generally for the exercise of the Board’s powers under the provisions of this Act.

(2)

All regulations made under this Act shall be presented to Parliament as soon as possible after publication in the Gazette.

(3)

If a resolution is passed pursuant to a motion notice whereof has been given for a sitting day not later than the first available sitting day of Parliament next after the expiry of 3 months from the date when the regulations are so presented annulling the regulations or any part thereof as from a specified date, the regulations or such part thereof, as the case may be, shall thereupon become void as from that date but without prejudice to the validity of anything previously done thereunder or to the making of new regulations.