Chit Funds Act 1971 · 2020 Revised Edition · Part 3 · Licensing of Chit Fund Companies
Official textFrom Singapore Statutes Online, unchanged
The Authority must cause to be published in the Gazette in the month of April in each year a list of all chit fund companies to which licences have been issued under this Act.
Authority
“Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970;
Authority
“Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970;
chit fund
“chit fund” means a scheme or an arrangement based wholly on the terms and conditions set out in section 24 or the regulations made under this Act or any scheme or arrangement that is deemed to be a chit fund under section 19 but does not include any scheme or arrangement which only partakes of the nature of a chit fund within the meaning of section 20;
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