Singapore legislation
Regulation 17
Regulation 17
Continuing and reconstituted Town Councils remain liable for reporting requirements for financial year ending on 31 March 2025
To avoid doubt, a Town Council that is a continuation or reconstitution of a Town Council for a former Town must comply or continue to comply with the following provisions as they apply to the financial year ending on 31 March 2025:
(a)
section 50(1) of the Act and rule 106A(1) of the Town Councils Financial Rules (R 1) (annual accounts and financial statements);
(b)
section 52(11), (13), (14) and (16) of the Act (audited accounts and financial statements);
(c)
section 48 of the Act and rule 4A of the Town Councils Financial Rules (Statement of Transferable Surpluses).