In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Chit Funds Act 1971 · 2020 Revised Edition · Part 3 · Licensing of Chit Fund Companies
16. Exhibition of licence
Feedback & supportAny licence issued under section 7(3), or a certified copy of the licence, must, so long as it remains valid, be exhibited in a conspicuous position at the principal place of business of the chit fund company and in the event of its revocation under section 14, the licence and all certified copies of the licence must be surrendered forthwith to the Authority.
chit fund company
Defined · s 2
“chit fund company” means a company which carries on chit fund business and holds a valid licence granted under section 7. All branches and offices in Singapore of the company are deemed to be one chit fund company for the purposes of this Act;