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| 36729gon558.pdf | 366.39 KB |
6 of 2013
The Co-operatives Amendment Act 6 of 2013 aims:
- to amend the Co-operatives Act, 2005, so as:
- to provide for the substitution and addition of certain definitions;
- to provide for associate membership of co-operatives;
- to provide for categories of primary co-operatives;
- to provide for the national apex co-operative;
- to provide for the annual submission of information to the registrar;
- to amend the accounting practices and requirements for cooperatives by providing for audit and independent review of co-operatives;
- to provide for the payment of fees by co-operatives for the amalgamation, division, conversion or transfer of co-operatives;
- to provide for the voluntary winding-up of co-operatives by special resolution;
- to provide for the registrar to apply for a declaratory order in respect of the liquidation process;
- to provide for the Co-operatives Tribunal to order the winding-up of a co-operative;
- to substitute the Advisory Board with the Advisory Council;
- to provide for the establishment, functions and powers of the Co-operatives Development Agency;
- to provide for the funding and financial management of the Agency;
- to provide for oversight and executive authority of the Agency;
- to provide for the establishment, composition and functions of the Co-operatives Tribunal;
- to ensure compliance with the principles of intergovernmental relations;
- to provide for intergovernmental relations within the co-operatives sector; and
- to provide for the substitution of the long title and the Preamble; and
- to provide for matters connected therewith.
Commencement
1 April 2019 (Government Gazette 42320, 19 March 2019)
