Co-operatives Act.

This Act provides the legislative framework for the formation, registration and operation of cooperatives. The Act consists of 461 sections and is divided into 19 Parts. It contains provisions on the formation of cooperatives (Part 2), their legal capacity and powers (Part 3), their membership (Part 4), their rules and active membership (Parts 5 and 6), their shares (Part 7) and voting (Part 8), their management and administration (Part 9), their funds and property (Part 10), their merger and winding up (Part 12), foreign cooperatives (Part 14) and on the administration of the Act and on offences and penalties.