Co-operatives Amendment Act 80 of 1987

The Co-operatives Amendment Act 80 of 1987 intends:

• to amend the Co-operatives Act, 1981 [repealed in 2005], so as
  • to further define "agricultural product";
  • to extend the objects of primary agricultural co-operatives so as to include certain insurance business;
  • to provide for the marketing of agricultural products from self-governing territories and independent states in the Republic as well as aid from the Republic's agricultural co-operatives to such territories and states;
  • to further regulate the membership of certain co-operatives;
  • to provide for the attendance of the' registrar at meetings of co-operatives;
  • to further regulate the liability of directors and officers;
  • to provide that certain co-operatives may prescribe in their statutes the number of persons that may request a vote by ballot paper at general meetings;
  • to repeal the requirement that the registrar approve the appointment of a co-operative’s auditor;
  • to provide for co-operatives to make compromises and arrangements;
  • to provide for the registration by the registrar of deeds of any conversion, amalgamation, compromise or arrangement, the registration, if necessary, of property other than fixed property, and the exemption of the payment of certain registration fees;
  • to provide that members of co-operatives under liquidation do not have to bring claims against members' funds;
  • to provide for the judicial management of co-operatives;
  • to further regulate the amendment, substitution and repeal of certain notices and proclamations, and to provide for contraventions of those notices and proclamations; and
  • to repeal Schedule 1; and
• to provide for incidental matters.

Commencement

1 February 1988 (Gazette 11188 of 18 March 1988)