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CO-OPERATIVE SOCIETIESCO-OPERATIVES ACT 23 OF 1996
[ASSENTED TO 6 DECEMBER 1996] [DATE OF COMMENCEMENT: 20 DECEMBER 1996]
(Signed by the President)
ACTTo provide for the formation, registration and winding-up of co-operatives and toprovide for matters connected therewith.
ARRANGEMENT OF SECTIONS
1Definitions
PART IADMINISTRATION OF ACT
2Registration Officer for Co-operatives3Appointment of Registrar of Co-operatives, Deputy Registrar of Co-operatives and acting Registrar of Co-operatives4Seal of the Registrar and official stamp for Registration Office for Co-operatives5Register of co-operatives6Inspection of register or documents and making copies thereof 7Annual report by Registrar 
PART IICATEGORIES AND TYPES OF, AND PERSONS WHO MAY FORM, CO-OPERATIVES
8Categories and types of co-operatives9Objects of, and co-operatives principles applicable to, co-operatives10Persons who may form, and become members of, co-operatives
PART IIIPROVISIONS RELATING TO BY-LAWS OF CO-OPERATIVES
11Contents of by-laws of co-operatives12Amendment of by-laws
PART IVREGISTRATION OF CO-OPERATIVES
13Co-operatives' formation committees14Co-operatives' founders meetings15Applications for registration of co-operatives16Registration of co-operatives17Effect of registration of co-operatives18Written contracts entered into on behalf of co-operatives before registration19Registration of external co-operatives in Namibia
PART VMEMBERSHIP AND LIABILITIES OF MEMBERS OF CO-OPERATIVES
20Registers of members of co-operatives21Termination of membership of co-operatives and suspension of members22Liability of members of co-operatives23Imposition of fines upon members for contraventions of, or failure to comply with, by-laws or internal rulesof co-operatives24Preference of co-operatives as creditors in respect of certain debts owing by members25Agreements entered into with co-operatives by members who are minors
PART VIADMINISTRATION OF CO-OPERATIVES
26Postal addresses and registered offices, and chief executive officers, of co-operatives27Use and publication of names by co-operatives28Copies of this Act, by-laws and internal rules of co-operatives and registers of members of co-operatives tobe open to inspection
PART VIIBOARDS AND SUPERVISORY COMMITTEES
29Boards of co-operatives30Qualifications of members of boards31Vacation of offices by members of boards, and filling of casual vacancies32Office bearers of boards
 
 33Meetings of boards34Minutes of meetings of boards35Liability of members of boards36Subcommittees of boards37Supervisory committees of co-operatives38Functions of supervisory committees39Meetings of supervisory committees40Notification to Registrar of certain information relating to members of boards and supervisory committees
PART VIIIMEETINGS OF MEMBERS OF CO-OPERATIVES
41Annual general meetings42Ordinary and extraordinary general meetings43Appointment of proxies44Quorum for general meetings45Chairperson of general meetings46Minutes of general meetings47Voting rights of members48Meetings of members held on area or regional basis
PART IXFINANCIAL MATTERS OF CO-OPERATIVES
49Funds of co-operatives50Share capital of co-operatives51Share certificates52Payment of shares53Bonus shares54Cancellation of shares55Transfer of shares56Restriction on loans and investment of funds of co-operatives57Provisions relating to grants, donations or other contributions made to co-operatives58Co-operatives may maintain capital reserve funds or deferred expenditure funds59Distribution of net surplus60Restriction of granting financial assistance61Restriction relating to borrowing money
PART XACCOUNTING RECORDS, ANNUAL FINANCIAL ACCOUNTS AND AUDITING
62Financial year 63Keeping of accounting records64Annual financial statements65Rights of members to inspect annual financial statements66Annual auditing of co-operatives67Rights of auditor 68Powers and duties of auditor 69Submission of annual reports and auditors' reports70Enquiries into affairs of co-operatives by or on authority of Registrar or supervisory committees71Powers of Registrar on account of reports or in consequence of enquiries72Expenses incurred in connection with enquiries held under this Act
PART XIAMALGAMATION, TRANSFER, DIVISION AND CONSERVATION OF CO-OPERATIVES
73Amalgamation of co-operatives74Division of co-operatives75Transfer of assets or liabilities of co-operatives to any other co-operative76Conversion of co-operatives into any kind or form of juristic person or to unincorporated association of persons
PART XIIWINDING-UP OF CO-OPERATIVES
77Winding-up of co-operatives and appointment of liquidator 78Commencement of winding-up of co-operative79Effect of winding-up on status of co-operative and legal proceedings80Powers of liquidator 81Powers of Registrar to control liquidation
 
 82Disposal of assets on liquidation83Cancellation of registration
PART XIIICO-OPERATIVES ADVISORY BOARD
84Establishment of Co-operatives Advisory Board85Functions of Advisory Board86Members of Advisory Board87Committees of Advisory Board88Terms of office and conditions of service of members of Advisory Board89Vacation of offices by members of Advisory Board90Meetings of Advisory Board91Performance of administrative functions of Advisory Board92Expenses in connection with functions of Advisory Board
PART XIVCO-OPERATIVES TRIBUNAL
93Establishment of Co-operatives Tribunal94Functions of Tribunal95Members of Tribunal96Powers and duties of Tribunal97Representation of parties to a dispute
PART XVDISPUTES BETWEEN CO-OPERATIVES OR MEMBERS OF CO-OPERATIVES ANDREGISTRAR OR SUCH CO-OPERATIVES OR MEMBERS AND PERSONS OTHER THANREGISTRAR
98Appeals against decisions or orders of Registrar 99Reporting of disputes100Disputes between co-operatives or members of co-operatives and persons other than Registrar 101Disputes between co-operatives or members of co-operatives and Registrar 
PART XVIOFFENCES AND PENALTIES
102Prohibition of use of word
"co-operative" 
103False statements104Offences and penalties
PART XVIIMISCELLANEOUS PROVISIONS
105Closed co-operatives106Determination of fees107Regulations108Delegation of powers109Application of Act 23 of 1965 to co-operatives110Repeal of laws, and savings111Interpretation of certain expressions112Short titleSchedule
1 Definitions
In this Act, unless the context indicates otherwise-
"Advisory Board"
means the Co-operatives Advisory Board established by section 84;
"annual general meeting"
in relating to a co-operative, means an annual generalmeeting referred to in section 41;
"board"
in relations to a co-operative, means the board of the co-operative concernedreferred to in section 29, by whatever name it may in terms of the by-laws of the co-operativebe known;
"by-laws"
means the by-laws of a co-operative, by whatever name it may be called by the
of 00

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