Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part VIII · Inspection, Inquiry, Dissolution and Disputes
64. Power of Commission to inspect books, etc., of co-operative societies
Feedback & supportThe Commission, or any public officer authorized by him generally or specially in writing, may inspect, with or without notice, any co-operative society and for the purpose of such inspection shall have access to all the books, accounts, documents and securities of a co-operative society and its related corporation or subsidiaries, if any, and shall be entitled to inspect the cash in hand; and every officer
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under the Malaysia Co-operative Societies Commission Act 2007;
60 Laws of Malaysia ACT 502
(including any past officer) of the co-operative society and its related corporation or subsidiaries, if any, shall furnish such information and produce such books, accounts, documents and securities in regard to the transactions and working of the co-operative society and its related corporation or subsidiaries, if any, as the person making such inspection may require:
co-operative society
“co-operative society” means an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise which is registered under this Act;
Provided that, so far as is consistent with the conduct of the inspection, such books, accounts, documents, securities and cash shall not be required to be produced at such times or at such places as may interfere with the proper conduct of the normal daily business of that co-operative society or its related corporation.
securities
“securities” has the same meaning as defined in the Securities Commission Act 1993;