s 95A Foreign co-operative societies
95A.—(1) The Minister may make rules for or with respect to the registration or regulation of co-operative societies which are registered, incorporated or formed outside Singapore, or a class thereof, and which carry on business in Singapore. (2) Without limiting subsection (1), the Minister may, in making rules under subsection (1) in respect of co-operative societies which are registered, incorporated or formed outside Singapore, or a class thereof —(a) specify the circumstances under which such co-operative societies or any class thereof is or is not regarded as carrying on business in Singapore; and (b) specify the provisions of this Act that apply to the co‑operative societies and the modifications subject to which they apply. (3) The rules made under subsection (1) —(a) may provide that a contravention of any specified provision thereof shall be an offence; and (b) may provide for penalties not exceeding a fine of $10,000 for each offence and, in the case of a continuing offence, a further penalty not exceeding a fine of $500 for every day or part of a day during which the offence continues after conviction.