Singapore legislation
Clause 18
Clause 18
Financial year of Endowment Fund and Edusave Pupils Fund
The financial year of the Endowment Fund and the Edusave Pupils Fund shall begin on 1st April of each year and end on 31st March of the succeeding year except that the first financial year shall begin on the date of the establishment of each Fund and shall end on 31st March of the succeeding year.