Co-Operative Societies Act 1993 · Updated to 1 Apr 2015 · Part X · Repeal, Saving and Transitional
95. Repeal and saving
Feedback & supportThe following Act and Ordinances are repealed:
the Co-operative Societies Act 1948 [Act 287];
the Co-operative Societies Ordinance 1958 (Sabah) [Sabah
Ord. No 3 of 1958]; and
the Co-operative Societies Ordinance (Sarawak) [Sarawak
Cap. 66].
The body corporate established under section 3A of the Co-operative Societies Act 1948 under the name “Commission of Co-operative Societies, Malaysia” shall continue to exist as a body corporate under this Act and shall be deemed to be the body corporate established under section 3*.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under the Malaysia Co-operative Societies Commission Act 2007;
Subject to subsection (4), any register kept or maintained or any fund held and administered pursuant to the repealed laws shall be deemed to be part of a corresponding register or fund under this Act.
repealed laws
“repealed laws” means the laws repealed under section 95. Repeal and saving
* Notes— Section 3 has been delected by Act A1297
94 Laws of Malaysia ACT 502
Notwithstanding subsection (3)—
the Audit and Supervision Fund constituted under the Co-operative societies Rules of Sabah and the Co-operative
Societies Rules of Sarawak shall continue to be held and administered by the Registrar responsible for co-operative societies in the State of Sabah or Sarawak, as the case may be, and shall be used for the purposes provided for under the repealed Co-operative Societies Ordinance 1958
(Sabah) [Sabah G.N. S. 3 of 1958] or Co-operative
Societies Ordinance (Sarawak) [G.N. S. 1 of 1949], except that no new contribution to such Fund shall be levied; and
the funds deposited in a bank or with a co-operative society by the Registrar under the provisions of subsection 46(3) of the repealed Co-operative Ordinance 1958 (Sabah) or Co-operative Societies Ordinance (Sarawak), as the case may be, shall, within six months from the date of coming into force of this Act, be transferred to the Co-operative
Societies Liquidation Account held by the Commission under subsection 75(7).
The Minister may make regulations to provide for the manner in which the Fund referred to in paragraph (4)(a) shall be held and administered and, upon such Fund becoming exhausted, for its dissolution and for other matters connected therewith.
Minister
“Minister” means the Minister charged with the responsibility for co-operative societies development;
Status of registration and by-laws of co-operative societies registered under the repealed laws
by-laws
“by-laws” means the registered by-laws made by a co-operative society in the exercise of any power conferred by this Act, and includes a registered amendment of the by-laws;