It is the supreme law relating to the operations of the cooperative societies. They buy goods directly from the producers or manufactures and thereby eliminate the middlemen in the process of distribution. Cooperative societies the cooperative societies act regulations under section 52 the cooperative societies regulations, 1950 i l. The three main sources of cooperative laws applicable to the cooperatives in kenya are. The cooperative movement in kenya and its potential for enhancement of ict livelihoods by samson o. In this act, unless there is anything repugnant in the subject or context. The cooperative societies act cap 490 of the laws of kenya the cooperative societies rules 2008 the sacco society act 2008 the sacco societies regulations the registered bylaws of the cooperative society other sources include government policies issued from. An act of parliament to make provision for the licensing, regulation, supervision and promotion of sacco societies, to establish the sacco societies regulatory authority and for connected purposes act no. Cooperative societies act 2008 bare acts law library. This act may be called the 5 cooperative societies act, 1925. The commissioner and the registrar are public officers designated by the minister for that purpose. Kenya revenue authority means the kenya revenue authority established under the kenya revenue authority act cap. Development of cooperatives ad cooperative societies 4. Duty to register with cooperative society or the board.
Section 3 of the cooperative societies act provides for officers of cooperative societies. None of the material on this site is expressly or impliedly meant to provide legal advice to you. In this act, unless the context otherwise requires. The cooperative societies act cap 490 of the laws of kenya the cooperative societies rules 2008 the sacco society act 2008 the sacco societies regulations the registered bylaws of the cooperative society other sources include government policies. Cooperative societies act malawi legal information institute. An act to make new provision with respect to the registration, supervision and management of certain societies, the members of which have a common bond of philosophy and socioeconomic objectives and for related purposes. Subject to the provisions of this act a society may be. Political parties, churches, welfare associations, sports associations, and private members clubs can all be registered under the societies act as societies. Since the material on this site is provided as information only, and. Interpretation part ii development of cooperatives, cooperative societies and public officers 3. An act of parliament to make provision for the licensing, regulation, supervision and promotion of sacco societies, to establish the sacco societies regulatory authority and for connected purposes l.
Copyright ministry of legal affairs, government of the republic of zambia. However, cooperative societies is a state subject entry 32 of list ii of seventh schedule to constitution, i. Factors affecting financial performance of savings and credit. Cooperative legislation in kenya cooperative movement. This act may be cited as the cooperative societies act, 1998, and shall come into operation on such date as the minister may, by statutory instrument, appoint. In this act, unless the context otherwise requires agricultural charge has the meaning assigned to it. These are formed to provide financial support to members. The operation of cooperative societies is subject to control so as to prevent fraud and to ensure that every member enjoys equal rights and benefits equity and equality in respect of the business of the society. The role of savings and credit cooperative societies. Pdf cooperative development in kenya augustus m u t. Short title this act may be cited as the cooperative societies act. An act of parliament to give effect to article 68 of the constitution, to revise, consolidate and rationalize land laws. Kenya law resource center is published as an information resource only. Types of cooperatives in kenya cooperative movement in.
In this act, unless the context otherwise requiresinterpretation. Central bank means the central bank of kenya established by the. Short title this act may be cited as the sacco societies act, 2008. Though the act is still in force, it has been specifically repealed in almost all the states and those states have their own cooperative societies act. The copyright act, 2001 chapter, as amended up to act. An act of parliament relating to the constitution, registration and regulation of cooperative societies and for purposes incidental thereto act no. In this act, unless the context otherwise requires agricultural charge has the meaning assigned to it under the agricultural credits act. The cooperative amendment act, no 6 of 20, was signed by the president in august 20. This act extends to the whole of the province of west pakistan, except the tribal areas.
Factors affecting financial performance of savings and. The multistate cooperative societies act, 2002 contents. Every society is required to have a registered address to which notices and communication may be sent and is required to send to the registrar notice of every change of address within one month thereof. Determination of whether a society is a sports association. Help small business groups to become registered cooperatives. Registration of a society in kenya capita registrars. Like any other law, the provisions of the act do not in. Appointment of federal director of cooperatives, etc. Types of cooperatives in kenya cooperative movement in kenya. Registrar of cooperative societies 1 there shall be for the purposes of this act a registrar of cooperative societies who shall be a public officer. These rules implement provisions of the cooperative societies act in relation with the registration of societies, bylaws of societies, audits, duties of members, internal organization of societies and control of societies by the.
Laws of kenya cooperative societies act chapter 490 revised edition 2012 2005 published by the national council for law reporting with the authority of the attorneygeneral. Interpretation in this act, except where the context otherwise requires agricultural produce means any produce or article produced or obtained by the work or industry of members of a cooperative society or marketed by a cooperative society, whether the produce be of agriculture. This act may be cited as the cooperative societies act. Cooperative societies act chapter 490 ministry of industry, trade. The role of savings and credit cooperative societies saccos. The paper is a descriptive survey, which involves the collection of data for the purpose of describing the role of cooperative societies in economic development. The report documents the operations and performance of deposittaking sacco societies in kenya during the year ended december, 2018 and has been prepared by the authority in full compliance with the requirements of section 22 of the sacco societies act. The cooperatives act, no 14 of 2005 provides for the formation and registration of cooperatives, the establishment of a cooperatives advisory board, the winding up of cooperatives and matters connected therewith. These rules implement provisions of the cooperative societies act in relation with the registration of societies, bylaws of societies, audits, duties of members, internal organization of societies and control of societies by the committee. These societies are formed to protect the interest of general consumers by making consumer goods available at reasonable price.
The cooperative societies act cap 490 laws of kenya authorized auditors pursuant to section 25 of the cooperative societies act,and when read with rule 16 of the cooperative societies rules,2004,the commissioner for cooperative development gives notice that the following firms have been duly. Also, please note that registration of churches has been suspended indefinitely in kenya. Every cooperative society in addition to providing services to its members, also generates some profit while conducting business. Ministry of industry, trade and cooperatives, kenya.
The minister may by notice in the kenya gazette and. The multistate cooperative societies act, 2002 act no of 39 of 2002 3rd july 2002 an act to consolidate and amend the law relating to cooperative societies, with objects not confined to one state and serving the interests of members in more than one state, to facilitate the voluntary formation and democratic. Download online companies, societies, registration forms in kenya. Short title this act may be cited as the sacco societies act. These rules may be cited as the cooperative societies rules, 2004. Mar 23, 2012 the three main sources of cooperative laws applicable to the cooperatives in kenya are.
Cooperative societies act 1991 uganda legal information. The role of cooperative societies in economic development. The cooperative movement in kenya and its potential for. For the purposes of this act, a society is established in kenya, although it may. A simple guide to the formation and registration of co. Published by the national council for law reporting. The cooperative societies act regulations under section 52. The rules also establish a management and supervision fund and, in the schedule, prescribe forms for purposes of these rules and the act. Pdf cooperative development in kenya augustus m u t e m i. Encourage cooperative societies to build up their capital base. Though the act is still in force, it has been specifically repealed in almost all the states and those. Registration of a society in kenya capita registrars kenya.
This act my be cited as the cooperative societies act and shall come into. The copyright act, 2001 chapter, as amended up to act no. An act to make provision for the constitution, registration and control of cooperative societies. Ethiopia ghana kenya lesotho liberia malawi namibia nigeria sierra leone south africa seychelles swaziland tanzania uganda zambia. Registrar of societies 2 the minister may from time to time give general or special directions to the. Every registered society shall keep a register to be called the a the name, address and occupation of each member and a statement of the shares, if any, held by him. Nigerian cooperative societies act an act to provide for the registration and operation of cooperative societies throughout the federation and for related purposes. The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development. Law of cooperatives in kenya march 27, 2017 part ii. This is an act of parliament relating to the constitution, registration and regulation of cooperative societies. Cooperative producer organization registration special fund geographical area africa, eastern africa abstract.
March 19, 2017 by clarice leave a comment below is a list of forms for company, society, tender and business registration in kenya. These societies are formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipments, machinery, etc. Cooperative societies that were formed during the colonial era in kenya were. Download online companies, societies, registration forms. Under the cooperative societies act it is recognized that if a coop society makes any saving or surplus then those savings or surplus belong to the members and should either be given to them or invested in them. Registrar of cooperative societies for jamaica and may appoint persons to assist such registrar and may by general or special order published in the gazette, confer on any such persons all or any of the powers of a registrar under this act. The sacco societies act 2008 was enacted to provide for the licensing, regulation, supervision and promotion of savings and credit cooperatives by the sacco societies regulatory authority sasra. Powers to exempt any society from requirements as to registration. This act may be cited as the cooperative societies shorttitle. Like any other law, the provisions of the act do not in any way conflict the constitution of kenya. The cooperative societies act, 1925 to facilitate the formation and working of cooperative societies for the promotion of thrift, selfhelp and mutual aid among agriculturists and other persons with common economic needs so as to bring about better living, better business.
Officers required to furnish information to minister 5. Gunga, chair of department of educational foundations, university of nairobi, kenya, email. Central bank means the central bank of kenya established by the central bank of kenya act. Posted on august 22, 2014 by frenzyied a savings and credit cooperative societies. Cooperative legislation in kenya cooperative movement in. An act to amend and consolidate the law relating to the constitution and regulation of cooperative societies and for other matters connected therewith. This law has for its objectives the promotion of sound development of farmers cooperative system, thereby improving agricultural productivity and socioeconomic status of farmers, as well as ensuring the development of the national economy. Under section 26 of the act it is provided that any officer. This paper examines the role of cooperative societies in economic development. There are restrictions on profit disposal and rules to sustain corporate governance. Kenyan government in an attempt to reduce the cause of slow growth enacted the cooperatives act, 2008 sacco society regulatory authority sasra and the. The cooperative societies act cap 490 laws of kenya authorized auditors pursuant to section 25 of the cooperative societies act,and when read with rule 16 of the cooperative societies rules,2004,the commissioner for cooperative development gives notice that the following firms have been duly authorized to audit cooperative societies.
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