Singapore legislation

Clause 4

of Central Provident Fund (Amendment) Bill

Clause 4

Amendment of section 4

Section 4 of the principal Act is amended —

(a)

by deleting subsection (7) and substituting the following subsections: —“(7) The Board shall be a body corporate with perpetual succession and shall have a common seal and may sue and be sued in its corporate name.(7A) All deeds, documents and other instruments requiring the seal of the Board shall be sealed with the common seal of the Board by the authority of the Board in the presence of the General Manager or a member of the Board and of some other person duly authorised by the Board to act in that behalf and shall be signed by the General Manager or the member of the Board, as the case may be, and by such duly authorised person, and such signing shall be sufficient evidence that the common seal of the Board has been duly and properly affixed and that the said seal is the lawful seal of the Board.(7B) The Board may by resolution or otherwise appoint an officer of the Board or any other agent either generally or in a particular case to execute or sign on behalf of the Board any agreement or other instrument not under seal in relation to any matter coming within the powers of the Board.(7C) The provisions of section 12 of the Registration of Deeds Act (Cap. 281) shall not apply to any instrument purporting to have been executed under the provisions of subsection (7A) of this section.”; and

(b)

by deleting subsection (11) and substituting the following: —“(11) The Board may make rules for all or any of the purposes of this section and in particular may make rules —

(a)

for the conduct of its proceedings; and

(b)

for the appointment, promotion, dismissal, termination of service and disciplinary control of all persons employed by the Board.”.