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8. Amendment of section 15

Section 15 of the principal Act is amended—

(a)

by substituting for subsection (1) the following subsection:

“(1)  An officer of a co-operative society, as defined in section 2 of the Co-operative Societies Act 1993, shall not be appointed or remain as a director.”; and

(b)

by substituting for subsection (2) the following subsection:

“(2)  The Minister may at any time revoke the appointment of any director without giving any reason therefor.”.

Report

Read on from s 9