Singapore legislation
Clause 8
Clause 8
Amendment of section 54
In the principal Act, in section 54 —
(a)
in paragraph (d), delete “or invested”; and
(b)
after paragraph (d), insert —“(da)to consider and resolve the distribution of dividends or payment of honoraria from any reserves for which the approval of the Registrar under section 72A has been obtained;
(db)to consider and resolve the payment of any honorarium, allowance or other benefit to members of the committee of management;”.