Regulation 2
Exemption from section 89(3) of Act
of Co-operative Societies (Exemption under Section 97) Order 2013
Subsidiary LegislationIn forceProvision 2 of 2
Regulation 2
Orchid Park Secondary School Multipurpose Co‑operative Society Limited shall be exempted from section 89(3) of the Act, in so far as —
(a)
any moneys remaining after the application of its funds to the purposes specified in section 88 of the Act; and
(b)
any sums unclaimed after 2 years from the date of cancellation of its registration,shall be donated to the School Advisory Committee Fund of Orchid Park Secondary School, instead of being transferred to the Co‑operative Societies Liquidation Account.