Singapore legislation
Section 8
Section 8
Licence fees
(1)
Every chit fund company in Singapore must pay the annual licence fee that the Authority may by notification in the Gazette prescribe.
(2)
The Authority may prescribe different licence fees in respect of different classes or categories of chit fund companies and those fees apply uniformly to those classes or categories.
(3)
The manner of payment of the licence fee is as specified by the Authority.