Singapore legislation
Section 97
Section 97
Annual return
(1)
Every VCC must lodge a return with the Registrar after its annual general meeting and within 7 months after the end of its financial year.
(2)
The Registrar may, if the Registrar thinks there are special reasons to do so, extend any period within which a VCC must lodge a return under subsection (1) —
upon an application by the VCC; or
in respect of any prescribed class of VCCs.
(3)
The return in subsection (1) —
must be in such form;
must contain such particulars and information; and
must be accompanied by such documents,as may be prescribed.
(4)
The particulars to be contained in, and the documents that are to accompany, the return in subsection (1) may differ according to the class or description of VCC prescribed.
(5)
If a VCC is required under section 78(4) to hold an annual general meeting for a financial year after it has lodged its annual return for that financial year, the VCC must lodge a notice of the date on which the annual general meeting was held with the Registrar within 14 days after that date.
(6)
If a VCC fails to comply with this section, the VCC and every officer of the VCC who is in default shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $5,000, and also to a default penalty.