Co-operative Housing Societies Act 1958
94Improper commissions
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94 Improper commissions
(1) Any officer of a society who accepts from any person for or in connexion with a transaction of such person with the society any commission fee or reward, whether pecuniary or otherwise, which is not authorized to be paid or given by or under this Act or the rules of the society shall, without prejudice to proceedings for any other offence for which he may be liable, be guilty of an offence and liable to imprisonment for a term of not more than six months or to a penalty of not more than $200.
S. 94(2) amended by No. 7125 s. 3.
(2) Any person (whether an officer of a society or not) who for or in connexion with a transaction or proposed transaction of any other person with a society demands or receives from that other person or retains from or pays out of any moneys held by him on behalf of that other person any commission or fee which is not authorized to be paid by or under this Act or the rules of the society or which is in excess of any commission or fee so authorized shall be guilty of an offence and liable to imprisonment for a term of not more than six months or to a penalty of not more than $200.
No. 6138 s. 95.