Singapore legislation
Section 50
Section 50
Annual accounts
(1)
A Town Council must, within 3 months after the close of each financial year, prepare and submit financial statements in such form as the Auditor-General may direct in respect of that year to the auditor.
(2)
The financial year of a Town Council begins on 1 April of each year and ends on 31 March of the succeeding year.
(3)
The first financial year of a Town Council begins on the date of its establishment and ends on 31 March of the succeeding year.[36