Co-Operative Societies Act, 1998
ZambiaAct of Parliament1998
The Co-Operative Societies Act, 1998 is an Act of the Parliament of Zambia enacted in 1998. It contains 95 sections. Read its sections below, or ask Levy any question about the Co-Operative Societies Act, 1998 and get an answer grounded in the Act with citations.
Sections of the Co-Operative Societies Act, 1998
- S. 1Short title and commencement
- S. 2Interpretation
- S. 3Development of co-operatives ad co-operative societies
- S. 4Officers required to furnish information to Minister
- S. 5Annual report on co-operative societies
- S. 6Registrar
- S. 7Deputy Registrar and other public officers
- S. 8Co-operatives to be registered
- S. 9Application for registration
- S. 10Registration of co-operatives
- S. 11Conversion of company into co-operative society
- S. 12Certificate of registration and name of co-operative society
- S. 13Action to be taken after registration of former company as co- operative society
- S. 14Effect of registration
- S. 15Refusal to register
- S. 16Equity capital
- S. 17Liability of members
- S. 18Display of registered name
- S. 19By-laws
- S. 20Amendments to By-laws
- S. 21Copy of regulations and by-laws and list of members to be open for inspection
- S. 22Patronage bonus
- S. 23Membership governed by by-laws
- S. 24Minors
- S. 25Members not to exercise rights until due payment made
- S. 26Certificate of membership
- S. 27Lien on member's share.
- S. 28Co-operative society to keep membership register
- S. 29Meetings, votes of members and delegates
- S. 30Limitation on share holding
- S. 31Assignment, transfer, redemption arid re-purchase of shares
- S. 32Shares or interest not attachable
- S. 33Transfer of shares or interest on death of member
- S. 34Liability of past member and estate of deceased member for debts of co-operative society
- S. 35Creation of charges in favour of co-operative societies
- S. 36Withdrawal by member
- S. 37Expulsion of member
- S. 38Board of directors
- S. 39Committees of Co-operative Society
- S. 40Effect of election of directors by districts or zones 41. Functions of board
- S. 41(1) The board shall represent the co-operative society, I subject to the provisions of the by-laws. t
- S. 42Chairperson and vice-chairperson
- S. 43Term of office of director of board 44. Vacancy on board
- S. 45Liability of directors and other officers for unlawful transactions
- S. 46Procedure and meetings of board
- S. 47Removal of director from office
- S. 48Registration of charges
- S. 49Registration of enforcement of security and filing of accounts
- S. 50Rectification of register of charges
- S. 51Entry of memorandum of satisfaction on register
- S. 52Failure to submit particulars for registration
- S. 53Co-operative society's register of charges
- S. 54Right to inspect copies of instruments and register of charges
- S. 55Perpetual charges
- S. 56Agricultural charges
- S. 57Registered office
- S. 58Seal of co-operative society
- S. 59Books of account and records 60. Audit
- S. 61Liability of auditor
- S. 62Yearly and other returns
- S. 63Investigation by Registrar
- S. 64Amalgamation of co-operative societies
- S. 65Transfer of engagements
- S. 66Registration with other authority
- S. 67Division of co-operative societies
- S. 68Registration of credit union
- S. 69Name of credit union
- S. 70Membership generally
- S. 71Membership of certain bodies corporate to credit unions
- S. 72Maximum loan to member
- S. 73No loans in certain cases
- S. 74Rates of interest on loans
- S. 75Maintenance of cash reserve to meet withdrawals
- S. 76Non-application of Banking and Financial Services Act
- S. 77Registration of co-operative unions and federations
- S. 78Use of word" co-operative"
- S. 79Incorporation and functions of unions and federations
- S. 80Winding-up of co-operative societies
- S. 81Cancellation of registration of co-operative society
- S. 82Winding up after cancellation of registration
- S. 83Regulations
- S. 84General penalty
- S. 85Repeal of Co-operative Societies Act, 1970 and savings
- S. ISection I
- S. IISection II
- S. IIISection III
- S. IVSection IV
- S. IXSection IX
- S. VSection V
- S. VISection VI
- S. VIISection VII
- S. VIIISection VIII
- S. XSection X
- S. XISection XI
- S. XIISection XII