Malaysia Co-Operative Societies Commission Act 2007 · s 23

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23.
Powers and functions of the Commission
The Commission shall have all powers, functions and duties imposed on it under this Act, the Co-operative Societies Act 1993 or any other written law, and without prejudice to the generality of the foregoing, the Commission shall also have the following functions:
(a) to promote and maintain stability of the co-operative sector;
(b) to be responsible for the surveillance, supervision and regulation of co-operative societies and the co-operative sector;
(c) to encourage and promote sound and orderly development of co-operative societies and the co-operative sector;
(d) to foster co-operative values and principles;
(e) to create a conducive environment for co-operative societies to carry out their activities;

Malaysia Co-operative Societies Commission 27
(f) to register and revoke the registration of co-operative societies;
(g) to act as trustee and to manage any scheme of Islamic financing or credit facility set up by the Government of
Malaysia for co-operative societies;
(h) to advise the Minister on all matters relating to co-operative societies and the co-operative sector; and
(i) to carry out any function under any written law as may be prescribed by the Minister by notification published in the
Gazette.

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s 23Powers and functions of the Commission

The Commission shall have all powers, functions and duties imposed on it under this Act, the Co-operative Societies Act 1993 or any other written law, and without prejudice to the generality of the foregoing, the Commission shall also have the following functions:

(a)

to promote and maintain stability of the co-operative sector;

(b)

to be responsible for the surveillance, supervision and regulation of co-operative societies and the co-operative sector;

(c)

to encourage and promote sound and orderly development of co-operative societies and the co-operative sector;

(d)

to foster co-operative values and principles;

(e)

to create a conducive environment for co-operative societies to carry out their activities;

Malaysia Co-operative Societies Commission 27

(f)

to register and revoke the registration of co-operative societies;

(g)

to act as trustee and to manage any scheme of Islamic financing or credit facility set up by the Government of

Malaysia for co-operative societies;

(h)

to advise the Minister on all matters relating to co-operative societies and the co-operative sector; and

(i)

to carry out any function under any written law as may be prescribed by the Minister by notification published in the

Gazette.