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| act-42-1985.pdf | 2.92 MB |
42 of 1985
The Co-operatives Amendment Act 42 of 1985 intends:
- to amend the Co-operatives Act, 1981 [repealed in May 2007], so as
- to replace certain obsolete designations, and to further define "branch";
- to delete the requirement that the schedule accompanying an application for the registration of a statute and the incorporation of a co-operative shall specify the occupations of persons who applied for membership of the co-operative;
- to provide that the Registrar of Co-operatives shall issue a certificate whenever the statute of a co-operative is amended to alter the name of the co-operative;
- to provide for the amendment of registers and documents as a result of the change of name of a co-operative;
- to further regulate the use and publication of the name of a co-operative; to extend the powers of co-operatives;
- to place further restrictions on the conclusion of transactions by an agricultural or special farmers' co-operative with persons who are not members of that co-operative;
- to delete the requirement that the occupations of members of certain co-operatives shall be entered in the register of members;
- to provide that a capital gain shall be set aside as a general reserve and that a capital loss may be written off against a general reserve;
- to create certain of fences for contraventions of the said Act;
- to declare further persons incompetent to hold the office of director of certain co-operatives;
- to make further provision in connection with representatives of juristic persons at general meetings;
- to further regulate the appointment of proxies by members and the said representatives;
- to abolish the restriction on matters which may be disposed of at series of meetings;
- to further define certain duties of the auditor of a co-operative;
- to make further provision in connection with the special statutory pledge of co-operatives; and
- to increase the maximum fine which may be imposed after conviction of offences in terms of the said Act; and
- to provide for matters connected therewith.
Commencement
12 April 1985
