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Co-operative Societies Act.

Country
Type of law
Legislation
Date of original text
Date of latest amendment
Source


Abstract
The Act consists of 68 sections divided into 11 Parts: Preliminary (I); Registration (II); Duties and Privileges of Societies (III); Rights and Liabilities of Members (IV); Property and Funds of Registered Societies (V); Audit, Inspection and Enquiry (VI); Dissolution (VII); Surcharge and Attachment (VIII); Disputes (IX); Rules (X); Miscellaneous (XI).
Any cooperative society duly registered in terms of the Agricultural Organization Act shall be deemed to be a Cooperative Society properly registered within the terms of this Act. The Minister may appoint a Registrar of Cooperative Societies under section 4. Section 5 specifies the type of societies which may be registered, whereas section 6 defines condition of registration. For the purposes of registration an application shall be made to the Registrar in accordance with section 7. The registration of a Society shall render it a body corporate. Section 11 allows the amendment of by-laws of a registered society. Section 14 regulates the disposal of produce to or through a registered Society. Regulation 23 regulates the division of Societies, whereas section 24 concerns the conversion of company into Society. A registered society shall have an annual meeting and a committee. The Registrar may order a registered society to dissolve the committee if he or she holds that the committee is not performing its duties properly. Disputes shall be settled by the Registrar.
Long title of text
An Act to provide for the formation of co-operative societies and to regulate their operations.
Notes
Consolidated version of 1988 of Act No. 15 of 1973 as amended by Act No. 15 of 1981.
Repealed
No
Source language

English

Legislation Amendment
No
Implemented by