Singapore legislation
Clause 8
Clause 8
Licence fees
(1)
Every chit fund company in Singapore shall pay such annual licence fee as the Commissioner may by notification in the Gazette prescribe.
(2)
The Commissioner may prescribe different licence fees in respect of different classes or categories of chit fund companies and such fees shall apply uniformly to such classes or categories.
(3)
The manner of payment of the licence fee shall be as specified by the Commissioner.