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Name: Co-operatives Management Act, [No. 6 of 2013].
Country: South Africa
Subject(s): Cooperatives
Type of legislation: Law, Act
Adopted on: 2013-08-05
Entry into force:
ISN: ZAF-2013-L-94053
Bibliography: Legislation on-line Legislation on-line South African Government Information, South Africa PDF of Act PDF of Act (consulted on 2013-09-03)
Abstract/Citation: Amends the Co-operatives Act 2005 [No. 14 of 2005] to provide for the substitution and addition of certain definitions; to provide for associate membership of 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 co-operatives by providing for auditing 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 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-operative 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 with the co-operative sector; and to provide for the substitution of the long title and the preamble.
Amended text(s):

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