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BTN-2001-L-87813
Breadcrumb
Title_of_text
Co-operatives Acts of Bhutan, 2001.
Main Region
First Region
Country(ies)
Bhutan
Subjects (Classification)
Cooperatives
Adopted on (Date of text)
2001-07-18
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
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
Implementing Text region
Implementing text(s)
2010-07-23 (BTN-2010-R-91360)
Cooperative Rules and Regulations of Bhutan, 2010.
Amending Text region
Amending text(s)
2009 (BTN-2009-L-87814)
Cooperative (Amendment) Act of Bhutan, 2009.
Electronic region
Electronic source title
Laws in English and Dzongkha
Author
Office of the Attorney General
Publisher
http://oag.gov.bt/acts/
Country
Bhutan
URL
http://oag.gov.bt/acts/
File
BTN87813 English.pdf (PDF of Law in English)