Singapore legislation
Regulation 9
Regulation 9
Bank account and cheques, etc.
Subregulation 1
All payments made by or on behalf of the Board (other than sums not exceeding $500 or such lesser amounts as the Board may from time to time determine) must be made by cheque drawn on the bank account of the Board, or by an electronic funds transfer.
Subregulation 2
All cheques drawn on the bank account of the Board must be signed by —
(a)
the president and the Registrar; (b)the president and any member of the Board approved through a resolution of the Board for this purpose; or
(c)
the Registrar and any member of the Board approved through a resolution of the Board for this purpose.