Malaysia legislation

Section 69

of CO-OPERATIVE SOCIETIES ACT 1993

Section 69

(a)

suspend all or any of the activities of the registered society, for such period as he shall specify;

(b)

suspend or dissolve the Board of the registered society; or

(c)

freeze the bank accounts of the registered society to prevent losses or misuse of funds.

(2)

Any order made under subsection (1) shall have effect as soon as it is made and shall, unless it is set aside under subsection (7), be valid for such period as is therein specified; and such period may be extended from time to time but shall not in the aggregate exceed four years.

(3)

Notwithstanding that an appeal has been lodged under subsection (7), the Registrar-General may appoint a person (including a body corporate, whether registered under this Act or any other written law) to be an administrator to manage, subject to the supervision of the Registrar-General, the affairs of the registered society; and such administrator shall manage the affairs of the registered society until a new Board has been elected under the by-laws of the registered society or, if the order made under subsection (1) is subsequently set aside, until the order is so set aside.

(4)

A person appointed under subsection (3) shall have and exercise all the powers conferred on the Board of the registered society; and as respects the management of the registered society the following provisions shall have effect:

(a)

a person so appointed may be provided with such remuneration as the Registrar-General may think fit;

(b)

any remuneration provided under paragraph (a) and all expenses and costs shall be payable out of the funds of the registered society; and

(c)

a person so appointed shall not be liable to the registered society or any member thereof or to any person for any act done by him in good faith.

(5)

Nothing in this section shall be deemed to affect the power of the Registrar-General to order the winding up of a registered society.

(6)

Notwithstanding the foregoing provisions of this section, the Registrar-General may by order remove any officer of the registered society if it is in the interest of the registered society for him so to do, but no person shall be so removed without giving him an opportunity to be heard; and any vacancy created by such removal shall be filled in the manner provided in the by-laws of the society.

(7)

Any person aggrieved by the order of the Registrar-General made under subsection (1) or subsection (6) may, within twenty-one days of the making of such order, appeal to the Minister, who shall confirm or set aside such order and the decision of the Minister shall be final and conclusive.

Section 69 — AKTA KOPERASI 1993 | mylaw.my