Singapore legislation

Clause 93

of Co-operative Societies Bill

Clause 93

Miscellaneous powers of Registrar

The Registrar shall have power to —

(a)

prescribe the accounts and books to be kept by a society;

(b)

prescribe the returns to be submitted by a society to the Registrar and the form in which such returns shall be submitted;

(c)

prescribe any form to be used for any purpose under this Act;

(d)

reduce the maximum limit of borrowing from members and non-members, fixed by a society under subsection (2) of section 68, and to impose such conditions as he may deem necessary;

(e)

attend, personally or by his representative, general meetings and committee meetings of a society and to require every society to send to him, at the proper time, notice and agenda of every meeting, and all minutes and communications in respect thereof;

(f)

convene extraordinary general meetings in accordance with the provisions of this Act;

(g)

prescribe the audit fees to be paid by a society provided that, where the audit is carried out by the co-operative apex organisation or by a certified accountant, the audit fee shall be subject to the approval of the Registrar;

(h)

rescind a resolution or action of an officer or a committee of management or of a general meeting of a society which, in his opinion, is outside the objects of the society as defined in the by-laws of the society; and

(i)

freeze the bank account of a society when it is proved to the satisfaction of the Registrar that such measure is necessary to prevent losses or misuse of funds.