This legislation has been repealed. Do not cite it as law in force.
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 50
(1) Where a society registered under the Co- Co-operaoperative Societies Act, is an operator registered under this Act, no proceedings for the dissolution or winding up of the society shall be taken under Part VII of that Act except with the consent of the Director General and in accordance with such conditions, if any, as he sees fit to attach to that consent.
(2) Notwithstanding—
(a) section 57 of the Co-operative Societies Act 1948, or section 59 of the Co-operative Societies Ordinances of Sabah and Sarawak, as the case may be; or
(b) subsection (1) of section 314 of the Companies Act 1965, any such society which is an operator registered under this Act shall be deemed to be an unregistered company within the meaning of Division 5 of Part X of the Companies Act 1965, and may be wound up by the Court accordingly under that Act: Provided that in any such winding up
(a) the provisions of the Companies Act 1965 shall apply with the substitution for references to the Registrar of Companies and the register under that Act of references to the Registrar and register under the Co-operative Societies Act;
(b) the provisions of the Co-operative Societies Act, which govern the disposal of any surplus, shall apply, subject to aný necessary modifications, as they apply where a society is wound up under that Act.
(3) Where a society has ceased to be an operator registered under this Act, but remains under any liability in respect of Malaysian certificates, this section shall apply as if the society were an operator so registered.
Malay text (authoritative)
(1) Jüka sesuatu ikoperasi yang didafbarkan di Koperasi bawah Akta Koperasi adalah pengendali yang perniagaan didaftarkan di bawah Akta ini, tiada apa-apa prosiding bagi pembubaran atau penggulungan koperasi itu boleh diambil di bawah Bahagian VII Akta itu kecuali dengan keizinan Ketua Pengarah dan mengikut apa-apa syarat, jika ada, sebagaimana yang difikikannya patut dengan melampirkan keizinan utu.
(2) Walau apa pun peruntukan—
(a) seksyen 57 Akta Koperasi 1948 atau seksyen 59 Ordinan Koperasi Sabah dan Sarawak, mengikut mana yang berkenaan; atau
(b) subseksyen (1) seksyen 314 Akta Syarikat 1965, mana-mana ikoperasi seperti itu menjadi pengendali yang didaftarkan di bawah Akta ini hendaklah disifatkan sebagai syarikat tak berdaitar dalam erti
[Bah. III, S. 50-51] Penggal 5 Bahagian X Akta Syarikat 1965 dan boleh digulung oleh Mahkamah dengan sewajarnya di bawah Akta itu: Dengan syarat bahawa dalam sesuatu penggulungan seperti itu-.
(a) peruntukan-peruntukan Akta Syarikat 1965 hendaklah terpakai dengan menggantıkan sebutan-sebutan mengenai Pendaftar Syarikat dan daftar di bawah Akta itu dengan sebutanebutan mengenai Pendaitar dan dattar d awan Akta Koperasi; dar
(b) peruntuka ppenputan sestatu ebiopn, ne, yans. lah terpakai, tertakluk kepada apa-apa ubahsuaian yang purlu, suaint yan tepprkai seba simata popunts digulung di bawah Akta itu.
(3) Jika sesuatu koperasi terhenti daripada menjadi pengendali yang didaftarkan di bawah Akta ini, tetapi masih di bawah sesuatu liabiliti berkenaan dengan sijli Malaysıa, seksyen ini hendaklah terpakai seolaholah koperasi itu adalah pengendali yang didattarkan sedemikian.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
