Malaysia legislation

Section 4

of CO-OPERATIVE SOCIETIES ACT 1948

Section 4

Subject to the provisions hereinafter contained a society which has as its object the promotion of the economic interests of its members in accordance with co-operative principles, or a society established with

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posited by any a fixed deposit other deposit or a subscrip-ne profits of a its members in ription capital arged with the elopment;

or registered or the registra-or registered ter registration y-laws;

secretary, Trea a Board and red by the rules regard to the e of the profits ng its members business done uich the profits perative society the Registraries appointed Registrar when registrar-General him under that this Ordinance; share capital of by a member in registered society;

contributed at 1 respect of his y;

ny in which anposition of the f of the holding he issued share ve the meaning es Act, 1965.

the object of facilitating the operations of such a society, may be registered under this Ordinance with or without limited liability as the Registrar may decide: Provided that the liabilitie

Provided that the liability of a society which includes at least one registered society among its members shall be limited.