Singapore legislation

Regulation 16

of Public Utilities Board (Provident Fund) Rules

Regulation 16

Cheques and endorsements

Cheques drawn on the bank account kept by the Committee in accordance with rule 11 shall be signed by the Treasurer and countersigned by the chairman or deputy chairman of the Committee. Cheques, drafts or other negotiable instruments requiring endorsement may be endorsed by either the Treasurer, or in his absence, by a member of the Committee.