Section 17A
Application of by-laws
of Co-Operative Societies Act 1993
Any by-laws of a co-operative society which are inconsistent with the provisions of this Act shall be void to the extent of its inconsistency.
(2)
Subject to any regulations or orders or directives or guidelines, every co-operative society shall review its by-laws and effect the
Co-operative Societies 25
necessary amendments within two years from the date of coming into operation of this Act, or such further period as approved by the
Commission, to ensure its by-laws are consistent with this Act.
(3)
Where the co-operative society, after the review or amendment carried out under subsection (2), is of the opinion that its by-laws are consistent or otherwise, the Board of the co-operative society shall notify such fact to the Commission.
(4)
Any co-operative society or officer of the co-operative society who fails to comply with subsection (2) 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 six months 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.