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Cooperative Societies Act No. 12 of 2012.

Pays/Territoire
Saint-Vincent-et-les-Grenadines
Type du document
Législation
Date
2012
Source
FAO, FAOLEX
Titre complet
An 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.
Sujet
Agriculture et développement rural, Général
Mot clé
Procédures judiciaires/procédures administratives Législation de base Commerce/industrie/sociétés Gestion communautaire Mise en application Protection du consommateur Coopérative/organisation de producteurs Crédit Règlement des différends Équité Gouvernance Inspection Taxe/impôt Responsabilité/indemnisation Entité non-gouvernementale Infractions/sanctions Questions de procédures Enregistrement Protection sociale Fonds spécial Cour/tribunaux
Aire géographique
Amériques, Caraïbes, Amérique latine et Caraïbes, Petits états insulaires en développement
Entry into force notes
This Act comes into force on a day fixed by the Governor-General by Proclamation in the Official Gazette.
Résumé

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.

Texte intégral
Anglais
Site web
www.ilo.org