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← Co-operative Societies Act 1993

Co-operative Societies Act 1993 s 71

Co-operative Societies Act 1993 s 71

s 71 Dissolution

(1) The Commission may, if the Commission is of the opinion that a co-operative society ought to be dissolved, dissolve the cooperative society by making an order for the revocation of the registration of the co-operative society— (a) when the Commission exercises its powers under subsection 69D(3); (b) upon receipt of an application made by three-fourths of the members of a co-operative society; or (c) after an inspection has been made under section 64 or 68 or after an inquiry has been held under section 66. (2) Any member of a co-operative society may, within a period of two months from the date of an order under subsection (1), appeal from such order to the Minister. (3) If no appeal is presented to the Minister from an order under subsection (1) within a period of two months from the date of such order, the order shall take effect on the expiry of that period. (4) If an appeal is presented to the Minister from an order under subsection (1) within a period of two months from the date of such order, the order shall not take effect unless and until it is confirmed by the Minister. (5) If the Commission makes an order under subsection (1) for the revocation of the registration of a co-operative society, the Commission may make such further order as the Commission may think fit for the custody of the books and documents and for the protection or disposal of the property of the co-operative society until the order revoking the registration of the co-operative society takes effect under subsection (3) or, if an appeal is presented under subsection (4), until the order is confirmed or otherwise. (6) No co-operative society shall be dissolved except by an order of the Commission.

Read this section in the full act → · Open Part VIII →

Find Act 502 on lom.agc.gov.my ↗

Text as at 1 April 2015 (LOM reprint); amendments made after that date may not be incorporated.

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).

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