Cooperative Societies (Amendment) Act.
Country
Type of law
Legislation
Abstract
This Act amends the Cooperative Societies Act 1991 in various provisions concerning, among other things, registration of societies, rights and obligations of members, audit of records, amalgamation of societies, liability of past member. The Act also inserts new provisions on pre-registration contracts (sect. 6A), leadership and management of a society (sect. 18A), records management of a registered societies (Sect. 21A), Audit and Supervision Fund (sect. 49B), special provisions for different types of societies and corporate governance (new Parts VII A and VII B)(this applies also to agricultural production and marketing cooperative societies and consumer cooperative societies), and training (new Part XII).
Attached files
Web site
Long title of text
An Act to amend the Cooperative Societies Act, Cap. 112 to strengthen the regulation and supervision of all types of cooperatives, improve safety and soundness of savings and credit cooperatives, enhance cooperative identity and solidarity, promote member empowerment and improve governance within cooperatives for sustainability of cooperative enterprises, and for other related matters.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No