Singapore legislation

Section 43

General powers of Institute

For the purposes of carrying out of its functions under this Act, the Institute may —

(a)

take up and subscribe for or otherwise acquire shares in any company, if membership of the company is essential or advantageous to the Institute in connection with the acquiring and holding of any lease or tenancy from the company of land required for any of its purposes;

(b)

borrow money whether by way of bank overdraft or otherwise for any of its purposes;

(c)

guarantee any contract of any company from which the Institute holds or intends to hold any lease or tenancy in accordance with paragraph (a) and any other contract in which the Institute may have a financial interest and to which it may lawfully be a party in accordance with this section;

(d)

issue diplomas or certificates to members of the Institute; and

(e)

generally do all things which are necessary for carrying out the functions of the Institute.[28

Read in full context — Accountants Act →