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20-2003 Cooperative Societies Act

20-2003 Cooperative Societies Act

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Published by John J. Kundi
Tanzania, "company law"
Tanzania, "company law"

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Published by: John J. Kundi on Sep 15, 2008
Copyright:Attribution Non-commercial

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05/09/2014

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THE COOPERATIVE SOCIETIES ACT, 2003
ARRANGEMENT OF SECTIONS
Section
Title
PART I
PRELIMINARY
Short title and commencement.
1 .
Interpretation.
2.
Cooperative Societies to be registered in accordance with this
3.Act.
PART II
THE OBJECTS AND PROTECTION OF COOPERATIVE SOCIETIES
Societies which may be registered.Duty of Government to cooperative societies.Minister to encourage cooperative development.Responsibilities of Minister.
4.
5.
67.
8
Information on cooperation.Persons required to furnish information to the Minister.
9.
PART III
APPOINTMENT OF REGISTRAR, DEPUTY REGISTRAR ANDASSISTANT REGISTRARS
Appointment of Registrar.
10.
11.
Functions of a Registrar.
12.
Appointment of Deputy Registrar.Appointment of Assistant Registrars.
13.
PART IV
FORMATION AND ORGANIZATION OF SOCIETIES
Structure of the Cooperative Societies.Formation of Societies.
14.15.16.
Societies may affiliate.
17.
Registrar may advise primary societies.
 
2 No. 20
2003
Cooperative Societies
Objects of Primary Societies.Objects and Functions of Secondary Societies and Apexes.
18.
19.
Objects of the Federation.
20.
Societies may form joint enterprises.Types of Societies.
21.22.
PART V
REGISTRATION OF SOCIETIES
Conditions for Registration.Application for Registration.
23.24.
Registration.
25.
Refusal of Registration.Certificate of Registration.Evidence of Registration.Societies to be body corporate.
26.27.28.29.30.
Probationary Societies.
31.
Cancellation of notice of deferment.Pre-cooperative groups.
32.33.
Appointment for pre-cooperative groups.Recognition and Registration of pre-cooperative groups.
34.
PART VI
RIGHTS AND LIABILITIES OF MEMBERS
35.
Restriction regarding members and societies liabilities.Vote of members.Rights of minors.Contract with minors.Restriction regarding shares.Liability of a member.
36.37.38.39.40.41.
Liability of past members.
42.
Liability of the estates of deceased member.
43.
Membership of companies.
PART VII
DUTIES OF REGISTERED SOCIETIES
44.
Duties of Registered Societies.Power to make by-laws.
45.46.
Amendment of the by-laws of registered society.By-laws of a registered society to bind members.
47.PART VII
 
No. 20
3
2003
Cooperative Societies
Accounts and Audit.
48.
Registrar may require bank to produce information.
49.
Communications of defects in the operations of a registered
50.society.
Returns to be made by registered societies.
51.
PART VIII
PRIVILEGES OF REGISTERED SOCIETIES
Defect in the constitution not to render act of a registered
52.
society invalid.Disposal of produce to or through a registered society.
53.
Creation of charges in favour of registered societies.
54.
Charges and set-off in respect of share or interest of members.Shares or interest not liable to attachment.Transfer of interest on death of a member.
55.56.57.
Proof of entries in societies books.
58.
Exemption from compulsory registration of instruments relatingto shares and debentures of registered society.Power to exempt from duty or tax.
59.60.
PART IX
MANAGEMENT OF REGISTERED SOCIETIES
General meeting.Establishment of Board.Constitution of the Board.
61.62.63.
Powers of the Board.
64.
Restriction relating to members of Board.66. Suspension and election of the new Board.
65.
67. Powers of the Registrar.68. Powers of persons appointed under section 67.
PART X
PROPERTY AND FUNDS OF REGISTERED SOCIETIES
Revenue of Registered Societies..Management of the revenue and funds of registered societies.Restriction on loans.
69.70.71.

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