Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part IX · Miscellaneous
85A. Submission of information and statistics
Feedback & supportA co-operative society, an officer of the co-operative society, a member of the co-operative society or any person required by the
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;
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.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under the Malaysia Co-operative Societies Commission Act 2007;
The Commission may require the document or information submitted under subsection (1) to be duly certified by the auditor.
Any returns, statistics, documents or information submitted to the Commission under subsection (1) shall be true, accurate and complete.
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.
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A co-operative society shall disclose information to any credit bureau as may be specified by the Commission.
specified
“specified”, where no mode is mentioned, means specified from time to time in writing, and a power to specify includes the power to specify differently for different persons, classes, categories or description of persons;
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.
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.
member
“member” includes a person or a co-operative society joining in the application for the registration of a co-operative society and who has signed the minutes of the inaugural general meeting of the co-operative society and a person or co-operative society admitted to membership of the co-operative society in accordance with the regulations and its by-laws after registration;