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Section 13

Documents open to inspection

of Co-Operative Societies Act 1993

ActIn forceProvision 15 of 119
Section 13
(1)

Every co-operative society shall keep—

22 Laws of Malaysia ACT 502

(a)

a copy of this Act and the regulations or orders, directives or guideline;

(b)

a copy of its by-laws and last audited accounts;

(c)

a list of its members;

(d)

a list of the members of the Board;

(e)

the name of its chief executive officer, if any; and

(f)

a list of officers of the co-operative society concerned with the management of the co-operative society, if any, open to inspection, free of charge, at all reasonable times at the registered address of the co-operative society to members only.

(2)

Any co-operative society or officer of the co-operative society who fails to comply with subsection (1) commits an offence and shall, on conviction—

(a)

in the case of a co-operative society, be liable to a fine not exceeding two hundred thousand ringgit and shall in addition , be liable to a daily fine of one hundred ringgit for each day during which the offence continues after conviction; or

(b)

in the case of an officer of the co-operative society, be liable to a fine not exceeding two hundred thousand ringgit or to imprisonment for a term not exceeding one year or to both and shall in addition, be liable to a daily fine of one hundred ringgit for each day during which the offence continues after conviction.