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Cooperative Societies (Amendment) Act.

Country/Territory
Uganda
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Long title
An Act to amend the Cooperative Societies Act, Cap. 112 to strengthen the regulation and supervision of all types of cooperatives, improve safety and soundness of savings and credit cooperatives, enhance cooperative identity and solidarity, promote member empowerment and improve governance within cooperatives for sustainability of cooperative enterprises, and for other related matters.
Subject
Agricultural & rural development, General
Keyword
Cooperative/producer organization Registration Legal proceedings/administrative proceedings Special fund Institution Governance Contract/agreement Agricultural development Non-governmental entity
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries
Abstract

This Act amends the Cooperative Societies Act 1991 in various provisions concerning, among other things, registration of societies, rights and obligations of members, audit of records, amalgamation of societies, liability of past member. The Act also inserts new provisions on pre-registration contracts (sect. 6A), leadership and management of a society (sect. 18A), records management of a registered societies (Sect. 21A), Audit and Supervision Fund (sect. 49B), special provisions for different types of societies and corporate governance (new Parts VII A and VII B)(this applies also to agricultural production and marketing cooperative societies and consumer cooperative societies), and training (new Part XII).

Full text
English
Website
www.parliament.go.ug

References - Legislation

Amends

Cooperative Societies Act 1991 (Cap. 112).

Legislation | Uganda | 1991 (2000)

Keyword: Basic legislation, Agricultural development, Cooperative/producer organization, Registration, Contract/agreement, Dispute settlement

Source: FAO, FAOLEX