Singapore legislation

Clause 9

of Co-operative Societies (Amendment) Bill

Clause 9

Amendment of section 61

In the principal Act, in section 61(2), after paragraph (f), insert —“(fa)to prepare and present to the annual general meeting of the society any proposal for the distribution of dividends or payment of honoraria from any reserves for which the approval of the Registrar under section 72A has been obtained;”.