Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 2 : Registration, Constitution, Powers of Co-operative and Registered Office and Record Keeping by Co-operativePart 2 : Constitution and powers of co-operative16. Provisions for secondary and tertiary co-operatives and the national apex co-operative |
[Section 16 heading substituted by section 15(a) of Notice No. 558, GG 36729, dated 5 August 2013]
| (1) | [Section 16(1) deleted by section 15(b) of Notice No. 558, GG 36729, dated 5 August 2013] |
| (2) | The constitution of a secondary, tertiary or the national apex co-operative may provide for— |
| (a) | the further objectives of a secondary, tertiary or the national apex co-operative which may include any activity that is not inconsistent with the objectives of any of its members, and which is undertaken for their exclusive benefit; and |
| (b) | the further objectives of a tertiary co-operative or the national apex co-operative which may include representing the interests of co-operatives within a sector or region, providing assistance for education and training, establishing a guarantee fund to facilitate external financing of its members, and the establishment of an audit fund to assist members to have their operations audited. |
[Section 16(2) substituted by section 15(c) of Notice No. 558, GG 36729, dated 5 August 2013]