Singapore legislation

Clause 57

of Co-operative Societies (Amendment) Bill

Clause 57

Amendment of Third Schedule

The Third Schedule to the principal Act is amended —

(a)

by deleting the words “THIRD SCHEDULE” in the heading and substituting the words “THE SCHEDULE”;

(b)

by deleting the words “The mode of election” in paragraph 13 and substituting the words “The nomination of candidates for election, and the mode of election”;

(c)

by deleting paragraph 15;

(d)

by deleting the words “creation of funds to be lent” in paragraph 18 and substituting the words “provision of loans”; and

(e)

by inserting, immediately after the word “members” in paragraph 18(a), the words “and non-members and the extent to which the society may provide loans to members and non-members”.

Clause 57 — Co-operative Societies (Amendment) Bill