Section 5
Restriction on use of income
of Rubber Association of Singapore (Incorporation) Act
ActIn forceProvision 8 of 23
Section 5
The income of the Association shall be applied solely towards the promotion of the objects of the Association as set forth in this Act, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise by way of profit to any member:Provided that nothing herein shall prevent the payment or repayment in good faith of remuneration or expenses to any officer or servant of the Association or to any member thereof in return for services actually rendered to the Association.