Singapore legislation

Clause 20

of Co-operative Societies (Amendment) Bill

Clause 20

New section 33A

The principal Act is amended by inserting, immediately after section 33, the following section:“Special audit of societies33A.—

(1)

The Registrar or an authorised person may at any time conduct a special audit of a society that may cover one or more of the following matters:

(a)

the governance of the society;

(b)

the operations of the society;

(c)

the financial condition of the society;

(d)

the affairs of the society.(2) The Registrar or authorised person may, for the purpose of conducting the special audit, exercise all or any of the powers in section 77.”.

Clause 20 — Co-operative Societies (Amendment) Bill