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Co-operatives Acts of Bhutan, 2001.

Main Region

First Region

Bhutan
Cooperatives
2001-07-18
National
Law, Act

Second Region

CHAPTER I - PRELIMINARY
1. Title, extent and commencement
2. Definition of Terms
CHAPTER II - STATE POLICY ON VALUE AND PRINCIPLES OF CO-OPERATIVES
3. Declaration of State Policy
4. Values and principles of Co-operatives
CHAPTER III - REGULATION OF CO-OPERARIVES
5. Regulatory agency and its powers
6. Management and decentralization
CHAPTER IV - TYPES OF CO-OPERATIVES AND THEIR REQUIREMENTS FOR REGISTRATION
7. Types of co-operatives
8. Primary co-operatives
9. Federation of co-operatives
10. Union of co-operatives
11. Special types of co-operatives
12. Effects of Registration
CHAPTER V - GOVERNANCE OF CO-OPERATIVES
13. Constitutional and By-paws
14. Liability of Directors, Official, Committee members and Manager
15. Termination of membership
16. Voting
17. Application of relevant management and social development principles and practices
CHAPTER VI - FINANCIAL MANAGEMENT OF CO-OPERATIVES
18. Capital and their sources
19. Liability of members
20. Share capital, interest and limitations to share capital holding
21. Investment of capital
22. Financial sustainability of co-operatives from members' proceeds
23. Audit of co-operatives
24. Safety of records of co-operatives
25. Allocation and distribution of net surplus
CHAPTER VII - MERGER, DISSOLUTION AND INSOLVENCY OF CO-OPERATIVES
26. Merger and consolidation of co-operatives
27. Dissolution and insolvency
28. Implementing rules
CHAPTER VIII - ROLE OF GOVERNMENT IN PROMOTING THE ECONOMIC AND EDUCATIONAL DEVELOPMENT OF CO-OPERATIVES
29. Co-operative development strategy
30. Government-Co-operative sector partnership
CHAPTER IX - MISCELLANEOUS PROVISIONS
31. Use of the word co-operative
32. Interpretation and construction
33. Information campaign
34. Separability

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