Singapore legislation

Clause 47

of Co-operative Societies (Amendment) Bill

Clause 47

Amendment of section 81

Section 81 of the principal Act is amended —

(a)

by deleting subsection (1) and substituting the following subsection:“(1) Where any findings on the working of a society are made in any audit, special audit or inquiry under this Act, or any inspection or examination under this Act of any material, the Registrar may bring those findings to the notice of —

(a)

the society; and

(b)

if the society is affiliated to a secondary society or an apex organisation, that secondary society or apex organisation.”;

(b)

by deleting the words “remedy the defects disclosed in the audit, inquiry or examination of books” in subsection (2) and substituting the words “address the findings made in the audit, special audit, inquiry, inspection or examination”; and

(c)

by deleting the words “defects in” in the section heading and substituting the words “findings on”.

Clause 47 — Co-operative Societies (Amendment) Bill