Singapore legislation

Section 54

of Co-operative Societies Act 1979

Section 54

Functions of annual general meeting

Amended by3/2018

The functions of the annual general meeting of a society are —

(a)

to consider and confirm the minutes of the last annual general meeting and of any other intervening general meeting;

(b)

to consider the auditor’s report, the reports of the committee of management and any report made by the Registrar or the Registrar’s representative;

(c)

to approve the financial statements;

(d)

to consider and resolve the manner in which any available net surplus is to be distributed or invested subject to the provisions of this Act and the by-laws;

(e)

to consider and adopt any amendments to the by-laws;

(f)

to elect or remove members of the committee of management;

(g)

to appoint the auditors of the society;

(h)

to consider and determine the maximum amount the society may borrow; and

(i)

to transact any other general business of the society of which due notice has been given to members.