Cooperative Societies Act No. 12 of 2012. País/Territorio San Vicente y las Granadinas Tipo de documento Legislación Fecha 2012 Fuente FAO, FAOLEX Título completoAn Act to make new provision with respect to the registration, supervision, governance, operation and management of cooperative societies including credit unions, the members of which have a common bond of philosophy and socio-economic objectives, and for incidental and related purposes. Materia Agricultura y desarrollo rural, General Palabra clave Procedimientos judiciales/procedimientos administrativos Legislación básica Negocios/industria/corporaciones Ordenación comunitaria Cumplimiento/aplicación Protección del consumidor Cooperativa/organización de productores Crédito Solución de controversias Equidad Gobernanza Inspección Tasa/impuesto Responsabilidad/indemnización Entidad no gubernamental Infracciones/sanciones Cuestiones de procedimiento Registro Protección social Fondo especial Corte/tribunal Área geográphica Americas, Caribe, América Latina y el Caribe, Pequeños estados insulares en desarrollo Entry into force notes This Act comes into force on a day fixed by the Governor-General by Proclamation in the Official Gazette. Resumen This Act lays down rules for the fair, transparent and legal cooperatives that contribute to the social and economic development of its community. To this end, this Act sets forth provisions on the registration and certification of cooperative societies; duties and authorities of the Registrar; terms and conditions of membership to the cooperative societies and meeting procedures; structure, duties and authorities of the Board of Directors for the management of the cooperative societies; duties of the Credit Committee and the Supervisory and Compliance Committee; finance management of cooperative societies; business of cooperative societies; property and funds of cooperative societies; financial disclosure and audit; reconstruction of cooperative societies; dissolution of cooperative societies by members or court; examinations and investigation of the records and practices of cooperative societies; dispute settlement; administration, registration and duties of the specialized cooperative societies; and offences and penalties. In this Act, specialized cooperative societies are indicated as credit unions, consumers’ cooperative societies, housing cooperative societies, and industrial cooperative societies. The Minister may exempt cooperative societies from liability to customs duties, value added tax, excise taxes, environmental levy and customs service charge, by Order published in the Official Gazette. Furthermore, cooperative societies may establish development fund, pension fund, and may contribute to charitable activities, community and cultural improvement. Texto completo Inglés Página web www.ilo.org