Singapore legislation

Clause 55

of Chit Funds Bill

Clause 55

Operation of Act not to affect certain Acts

(1)

Nothing in this Act shall affect the operation of the Companies Act, and any company that is liable to be incorporated under that Act shall continue to be so liable as if this Act had not been passed but in case of conflict between that Act and this Act the provisions of this Act shall prevail, unless otherwise provided in this Act.

(2)

Nothing in this Act shall, unless it is expressly provided to the contrary, affect the operation of any written law relating to moneylending, finance companies, banking or insurance or the liability of any chit fund company under any such law.