Singapore legislation
Clause 2
Clause 2
New section 17A
The Hindu Endowments Act (referred to in this Act as the principal Act) is amended by inserting, immediately after section 17, the following section:“Power to form company, etc.17A. The Board may, with the approval of the Minister, form or participate in the formation of any company, or enter into any joint venture or partnership, to carry out any of the following:
(a)
the purposes of this Act;
(b)
the functions conferred or activities authorised by this Act;
(c)
the purposes of any endowment administered by the Board pursuant to an order of the Minister under section 18.”.