Co-operatives Amendment Act 37 of 1993

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37 of 1993

The Co-operatives Amendment Act 37 of 1993 intends:

to amend the Co-operatives Act, 1981 [repealed in 2007], so as
to amend certain obsolete definitions;
to delete obsolete transitional clauses;
to further regulate the manner in which membership of co-operatives is obtained, and the requirements for such membership in general;
to provide for the amendment of the objects of co-operatives;
to make provision for simplified procedures regarding the registration, conversion and amalgamation of co-operatives;
to transfer powers of the Minister to the Registrar of Co-operatives;
to provide for the expansion of business with non-members;
to regulate the representation and voting rights of members at general meetings;
to provide for the delegation or powers by the board of directors;
to provide for the preparation of consolidated annual statements; and
to provide for the incorporation of co-operatives as public or private compimies or as close corporations; and
to provide for matters connected therewith.

2 April 1993