Co-operatives Societies Act (Act No. 2 of 2007).
Country
Type of law
Legislation
Abstract
This Act provides for the establishment, registration and operation of Co-operative Societies in the Maldives.
The Government shall appoint a government authority as the Registrar of Co-operative Societies. Powers and responsibilities of the Registrar are defined in the text.
The Act sets out procedures and requirements for applying for the registration of Co-operative Societies. In addition, it provides for the legal status of Co-operative Societies and for the management of the Society including: meetings; establishment of a Management Committee and its responsibilities; and assets and funds of the Society.
The Act further provides for: registration fees; audit accounts of the Society; investigation of the Society’s accounts and dissolution of the Society; offences and penalties; etc.
The Government shall appoint a government authority as the Registrar of Co-operative Societies. Powers and responsibilities of the Registrar are defined in the text.
The Act sets out procedures and requirements for applying for the registration of Co-operative Societies. In addition, it provides for the legal status of Co-operative Societies and for the management of the Society including: meetings; establishment of a Management Committee and its responsibilities; and assets and funds of the Society.
The Act further provides for: registration fees; audit accounts of the Society; investigation of the Society’s accounts and dissolution of the Society; offences and penalties; etc.
Attached files
Date of text
Notes
Unofficial translation.
Repealed
No
Source language
English
Legislation Amendment
No