Singapore Labour Foundation Act 1977 s 18

s 18 Accounts

18.—(1) The Board must open and maintain any account or accounts with a bank or banks that it considers necessary. (2) The Board must cause proper books of account to be kept with respect to —(a) all sums of money received and expended by the Foundation and all matters in respect of which receipt and expenditure takes place; (b) all sales and purchases of goods by the Foundation; and (c) the assets and liabilities of the Foundation.

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