Section 85A
Submission of information and statistics
of Co-Operative Societies Act 1993
A co-operative society, an officer of the co-operative society, a member of the co-operative society or any person required by the
Commission shall submit to the Commission such returns, statistics, documents or information within such time and in such manner or form as the Commission may require by notice in writing.
(2)
The Commission may require the document or information submitted under subsection (1) to be duly certified by the auditor.
(3)
Any returns, statistics, documents or information submitted to the Commission under subsection (1) shall be true, accurate and complete.
(4)
Where the information obtained by the Commission under subsection (1) relates to the accounts or affairs of the members of the co-operative society, that information shall be regarded as confidential between the Commission and the members of the co-operative society.
Co-operative Societies 85
(5)
A co-operative society shall disclose information to any credit bureau as may be specified by the Commission.
(6)
For the purpose of subsection (5), any information received from a co-operative society by the credit bureau shall be regarded as confidential between the co-operative society and the credit bureau.
(7)
Any co-operative society, officer of the co-operative society, a member of the co-operative society or any person who fails to comply with subsection (1), (2), (3), (4), (5) or (6) commits an offence and shall, on conviction, 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.