Co-Operative Societies Act
ZambiaAct of Parliament
The Co-Operative Societies Act is an Act of the Parliament of Zambia. It contains 195 sections. Read its sections below, or ask Levy any question about the Co-Operative Societies Act and get an answer grounded in the Act with citations.
Sections of the Co-Operative Societies Act
- S. 1S hort title
- S. 2In this Act, unless the context otherwise requires- Interpretation
- S. 3E ncouragement of co-operative development
- S. 4R esponsibilities of Minister
- S. 5I nformation on co-operation
- S. 6P ersons required to furnish information to Minister
- S. 7Within a period of six months after the close of the financial year, an annual Annual report on
- S. 8D irector
- S. 9R egistrar
- S. 10P rocedure for registration
- S. 11R equirements before registration
- S. 12(1) If the Registrar approves registration, he shall issue a certificate of Certificate of
- S. 13S ocieties to be bodies corporate
- S. 14C onversion of a company into a society
- S. 15L imited liability
- S. 16D isplay of registered name
- S. 17D ealers or traders not to register under this Act
- S. 18Where the Registrar, after investigation, considers it to be in the interests of Registrar may require
- S. 19P owers of societies
- S. 20B y-laws
- S. 21A mendments to by-laws
- S. 22C opy of Act, rules and by-laws to be open to inspection
- S. 23R eserve fund and distribution of net surplus
- S. 24K inds of societies not restricted
- S. 25C o-operative marketing
- S. 26A society may be registered primarily to undertake and carry on all kinds of Distribution of
- S. 27C o-operative farming
- S. 28M ulti-purpose societies
- S. 29S ociety as agent of marketing board
- S. 30A llotment of shares in lieu of patronage bonus or other payment
- S. 31B orrowing of patronage bonus or other payment
- S. 32M arketing contracts
- S. 33E ncouragement of thrift
- S. 34R egistration of by-laws to encourage thrift
- S. 35P rovision of credit by agricultural societies
- S. 36B oard of directors to supervise credit and loans
- S. 37R egistration of by-laws for the provision of agricultural credit
- S. 38A society may combine thrift services with the provision of credit
- S. 39F arm machinery and related services
- S. 40A ssistance to livestock, dairy and poultry producers, etc.
- S. 41L and improvement services
- S. 42S pecial provisions in the by-laws
- S. 43A dvisory or supervisory services for farmers
- S. 44S torage of agricultural products
- S. 45T ransportation of agricultural products and farm supplies
- S. 46C o-operative services for producers of natural products
- S. 47A building construction society may be registered for the following principal Building construction
- S. 48H ousing society
- S. 49S pecial powers
- S. 50C ommencement of operations
- S. 51S pecial features
- S. 52S inking fund
- S. 53O bjects of a credit union
- S. 54N ame
- S. 55M embership generally
- S. 56M embership of certain organisations
- S. 57P owers of a credit union
- S. 58B orrowing powers of a credit union
- S. 59C ommencement of lending operations
- S. 60L and and buildings
- S. 61E lection and appointment of officers
- S. 62S pecial duties of directors
- S. 63(1) Subject to the provisions of sections sixty-eight and sixty-nine, the credit Jurisdiction of credit
- S. 64L oans by credit unions
- S. 65M aximum of loans to a member
- S. 66N o loans in certain cases
- S. 67R estrictions on making loans in certain cases
- S. 68An application for a loan under section sixty-seven shall be considered by, and Approval of loans for
- S. 69R estrictions on loans to officers
- S. 70P rohibitions
- S. 71U nauthorised loans prohibited
- S. 72R ates of interest on loans
- S. 73R eports of credit committee
- S. 74D uties of supervisory committee
- S. 75E ngagement of auditor for a credit union
- S. 76S hares in credit union
- S. 77M embers' deposits and withdrawals
- S. 78C ash reserve to meet withdrawals
- S. 79D istribution of net surplus of credit union
- S. 80P roduction, manufacture and sale of goods
- S. 81S pecial provisions in the by-laws
- S. 82C onsumers' societies
- S. 83To achieve its objects a consumers' society may provide in its by-laws- Special provisions in
- S. 84(1) The board of directors of a consumers' society shall examine regularly the Special responsibilities
- S. 85C redit controlled by directors
- S. 86Q ualifications for election in certain cases
- S. 87Where a consumers' society has for its objects the providing of other services Application of Part X
- S. 88C ommunity buildings, facilities or services
- S. 89N o dividends on capital or patronage bonus
- S. 90P rovision of health services
- S. 91O bjects
- S. 92U se of the word "co-operative"
- S. 93Subject to the provisions of this Act, membership of a society shall be Membership governed
- S. 94W ho may be members
- S. 95R ights of minors
- S. 96M ember not to exercise rights until due payment made
- S. 97C ertificate of membership
- S. 98L ien on members' shares
- S. 99C ertain societies to furnish statements to members
- S. 100E very society to keep a membership register
- S. 101V otes of members and delegates
- S. 102C ontracts with minors
- S. 103L imitation on share holdings
- S. 104A ssignment, transfer and re-purchase of shares
- S. 105S hares or interest not attachable
- S. 106(1) On the death of a member, a society may transfer the shares or other Transfer of interest on
- S. 107L iability of past member and estate of deceased member for debts of society
- S. 108C reation of charges in favour of societies
- S. 109W ithdrawal by members
- S. 110E xpulsion of a member
- S. 111B oard of directors (or committee)
- S. 112Where the by-laws of a society provide for the election of directors by Effect of election of
- S. 113D uties and powers of directors
- S. 114O fficers
- S. 115T erm of office
- S. 116D irectors must be members
- S. 117V acancy on board of directors
- S. 118V acation of office of director
- S. 119L iability of directors or other officers for unlawful transactions
- S. 120M eetings of directors
- S. 121S ecurity
- S. 122In the absence of a provision in its by-laws, a society may for good reason, by Removal from office
- S. 123A nnual and other general meetings
- S. 124S pecial meetings
- S. 125R egistrar may prescribe manner of calling meetings
- S. 126Q uorum
- S. 127P ower of Registrar to call meetings
- S. 128A uthority of the members
- S. 129R egistration
- S. 130R egistration of enforcement of security and filing of accounts
- S. 131R ectification of register of charges
- S. 132The Registrar shall, on evidence being given to his satisfaction that the debt Entry of satisfaction
- S. 133F ailure to send particulars for registration
- S. 134S ociety's register of charges
- S. 135R ight to inspect copies of instruments and register of charges
- S. 136P erpetual charges
- S. 137R egistered office
- S. 138S eal
- S. 139B ooks and records
- S. 140A udit and investigation by Registrar
- S. 141W hen public accountant required as auditor
- S. 142P ower of Registrar to inspect societies' books, etc.
- S. 143Y early and other returns
- S. 144A malgamation of societies
- S. 145D ivision of societies
- S. 146D issolution of societies
- S. 147L iquidation after cancellation of registration
- S. 148L iquidator's powers
- S. 149P ower of Registrar to control liquidation
- S. 150A ppeals against decisions
- S. 151E nforcement of decisions
- S. 152L imitation of the jurisdiction of the civil court
- S. 153(1) In the liquidation of a society whose registration has been cancelled, the Closure of liquidation
- S. 154S ettlement of disputes
- S. 155C ase stated on question of law
- S. 156P urpose and contents of rules
- S. 157A ssistance with co-operative organisation and education
- S. 158I nspection and advisory services by Registrar, etc.
- S. 159The Registrar may, upon request and upon an indication of the proposed Registrar may supply
- S. 160I nspection of records
- S. 161A ppointment of special directors and other officers
- S. 162R emoval of directors and other officers
- S. 163A ppointment of administrator
- S. 164B oard of review
- S. 165R ecovery of sums due to Government
- S. 166S pecial exemptions
- S. 167P ower to exempt societies from provisions of this Act
- S. 168P rohibition of the use of the words "co-operative" or "credit union"
- S. 169C ompanies Act not to apply
- S. 170O ffences and penalties
- S. 171M isdealings with property
- S. 172(1) The Co-operative Societies Act, Chapter 689 of the Revised Edition Repeal and savings
- S. IPRELIMINARYPART I
- S. IIRESPONSIBILITIES OF THE MINISTERPART II
- S. IIIPUBLIC OFFICERSPART III
- S. IVREGISTRATION AND ORGANISATION OF CO-OPERATIVE SOCIETIESPART
- S. IXARTISANS', CRAFTSMEN'S AND CONTRACTING SOCIETIESPART IX
- S. VSOCIETIES FOR RURAL DEVELOPMENTPART V
- S. VICO-OPERATIVE SERVICES FOR PRODUCERS OF NATURAL
- S. VIIBUILDING CONSTRUCTION AND HOUSING SOCIETIESPART VII
- S. VIIICREDIT UNIONSPART VIII
- S. XCONSUMERS' SOCIETIESPART X
- S. XICOMMUNITY SERVICE SOCIETIESPART XI
- S. XIIFEDERATIONSPART XII
- S. XIIIMEMBERSHIPPART XIII
- S. XIVDIRECTORSPART XIV
- S. XIXDISSOLUTION AND WINDING-UPPART XIX
- S. XVSection XV
- S. XVICHARGES BY SOCIETIESPART XVI
- S. XVIIADMINISTRATION OF SOCIETIESPART XVII
- S. XVIIIAMALGAMATION AND DIVISION OF SOCIETIESPART XVIII
- S. XXSection XX
- S. XXIRULESPART XXI
- S. XXIIORGANISATION AND SUPERVISIONPART XXII
- S. XXIIIMISCELLANEOUSPART XXIII