| (b) |
subsequent annual general meetings within six months after the end of the preceding financial year. |
| (2) |
The annual general meeting must— |
| (a) |
subject to section 50, appoint an auditor as determined by the Minister by notice in the Gazette, depending on the category and level of the co-operative; |
[Section 29(2)(a) substituted by section 26(a) of Notice No. 558, GG 36729, dated 5 August 2013]
| (aA) |
appoint an independent reviewer as determined by the Minister by notice in the Gazette, depending on the category and level of the co-operative; |
[Section 29(2)(aA) inserted by section 26(b) of Notice No. 558, GG 36729, dated 5 August 2013]
| (b) |
approve a report of the board on the affairs of the co-operative for the previous financial year; |
| (c) |
approve the financial statements and auditor’s report where applicable for the previous financial year; |
| (f) |
decide on the future business of the co-operative; and |
| (g) |
consider the activity plan presented by the Board. |
[Section 29(2)(g) inserted by section 26(c) of Notice No. 558, GG 36729, dated 5 August 2013]
| (3) |
For purposes of this section "activity plan" means a document that summarises the operational and financial objectives of the co-operative for the next financial year, including— |
| (a) |
clear business goals with reasons why these goals are believed to be attainable; and |
| (b) |
how funds in the co-operative will be utilised. |
[Section 29(3) inserted by section 26(d) of Notice No. 558, GG 36729, dated 5 August 2013]
Stamp Duties Act, 1968 (Act 77 of 1968)
