Co-operative Societies Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act makes provision for the constitution and registration of cooperative societies, defines their duties and privileges, provides rules for their operation and provides for the control by authorities of cooperative societies.
A Registrar of Co-operative Societies shall be appointed by the Governor-General. Cooperative societies shall be established as a body corporate and may make rules, with the approval of the Registrar of Co-operative Societies, for the carrying out of the purpose for which the society is established. A registered society which has as one of its objects the disposal of any agricultural, forestry fisheries or other produce of its members, may provide in its rules or by contract, that this produce shall be sold through the cooperative society. The Act also provides in respect of claims of societies towards its members arising from debt and relative charge on agricultural or other produce of members by the society. Voting rights of agricultural cooperative societies may be based on the size of production of each of its members.
A Registrar of Co-operative Societies shall be appointed by the Governor-General. Cooperative societies shall be established as a body corporate and may make rules, with the approval of the Registrar of Co-operative Societies, for the carrying out of the purpose for which the society is established. A registered society which has as one of its objects the disposal of any agricultural, forestry fisheries or other produce of its members, may provide in its rules or by contract, that this produce shall be sold through the cooperative society. The Act also provides in respect of claims of societies towards its members arising from debt and relative charge on agricultural or other produce of members by the society. Voting rights of agricultural cooperative societies may be based on the size of production of each of its members.
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Notes
Consolidated version of Chapter 75 as amended last by Act No. 3 of 1992 and authorized last by L.N. 42/1995.
Repealed
No
Source language
English
Legislation Amendment
No
Implemented by