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Co-operatives Act, 2005 (Act No. 14 of 2005)

Chapter 8 : Amalgamation, Division, Conversion and Transfer

69. Special provision relating to company which has given an undertaking under section 66(3)

 

(1) A co-operative which whilst it was a company, gave the registrar an undertaking under section 66(3) must, within 90 days of the date of its incorporation as a co-operative submit a constitution that complies with the requirements of this Act to the registrar.

[Section 69(1) substituted by section 52 of Notice No. 558, GG 36729, dated 5 August 2013]

 

(2) A co-operative referred to in subsection (1) which has failed to comply with section 66(3) is considered to have remained a company.

 

(3) The name and particulars of a co-operative which has failed to comply with the provisions of subsection (1) must be struck off the register of co-operatives by the registrar.