Singapore legislation
Clause 4
Clause 4
Societies which may be registered
(1)
Subject to the provisions of this Act, a society —
which has as its object the promotion of the economic interests of its members in accordance with co-operative principles;
which, while having regard to the economic interests of its members in accordance with essential co-operative principles, has, as its object, the promotion of the economic interest of the public generally, or any section of the public; or
which is a society established with the object of facilitating the operations of a society referred to in paragraphs (a) and (b),may be registered as a co-operative society under this Act.
(2)
Subject to subsection (4) of section 102, every society which is registered under subsection (1) shall have the organisational and management structure laid down in Part V unless the Registrar, on registration of the society, considers that an organisational and management structure in the form referred to in subsection (3) is necessary or desirable for that society and should be so provided for in its by-laws.
(3)
The by-laws of a society referred to in subsection (2), or a society to which subsection (4) of section 102 applies, may provide for a governing body to be a board of trustees and a committee of management to be a board of directors but, save as aforesaid, the provisions of Part V shall apply to such societies in so far as they are practicable and not inconsistent with their by-laws, and to a board of directors of such societies, as they apply to a committee of management of any other society registered under this Act.