Malaysia legislation
Section 23
Section 23
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.
Delegation of Commission’s power or function