Singapore legislation

Clause 49

of Co-operative Societies (Amendment) Bill

Clause 49

Amendment of section 83

Section 83 of the principal Act is amended —

(a)

by deleting subsection (2) and substituting the following subsection:“(2) The Registrar may, on the Registrar’s own initiative, issue an order directing a society to be wound up, if the Registrar is satisfied that —

(a)

the society has ceased working;

(b)

the membership of the society is reduced —

(i)

in the case of a primary society, to less than 5 persons (each of whom qualifies for membership under section 39); or

(ii)

in the case of a secondary society, to less than 2 persons, each being a society or a trade union;

(c)

the society has breached any of its terms and conditions of registration mentioned in section 9(1C)(a) or varied or added under section 9A;

(d)

the society has contravened section 16A(1) or 16B(1);

(e)

the society has (whether before, on or after the date of commencement of section 49(a) of the Co‑operative Societies (Amendment) Act 2018) failed, for 2 or more consecutive years, to comply with section 34(1);

(f)

the society has failed, for 2 or more consecutive years, to comply with section 53(1);

(g)

the by‑laws of the society are insufficient, or are no longer sufficient, to provide for the proper administration and management of the society;

(h)

the society is or has been used for an unlawful purpose or for purposes prejudicial to public peace, welfare or good order in Singapore;

(i)

it would be contrary to the national security or interest for the society to continue to be registered;

(j)

the society —

(i)

is unable to meet its obligations, is insolvent, or suspends payments to its members or creditors; or

(ii)

informs the Registrar that it is or is likely to become insolvent, or to be unable to meet its obligations, or that it has suspended or is about to suspend payments to its members or creditors;

(k)

the society does not have any officer who is capable of doing both of the following:

(i)

directing and managing the affairs of the society;

(ii)

keeping the records and accounts of the society; or

(l)

it is not in the interests of the members of the society for the society to continue its operations.”;

(b)

by deleting the word “from” in subsection (4) and substituting the word “after”; and

(c)

by deleting the words “have elapsed from” in subsection (6) and substituting the word “after”.