Sri Lanka Consolidated Acts

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Co-operative Societies (Amendment) Act (No. 11 of 1992) - Sect 4

Amendment of section 4 of the principal enactment

4. Section 4 of the principal enactment is hereby amend as follows: "
(1) by the repeal of subsection (1) thereof and the substitution therefor of the following subsection : "
(1) No society shall be registered under this Law
(a) it consists only of members, it does not consist of at least ten persons, who are over eighteen years of age or reside or are employed or owns immovable property within the area of operation of the society and who is capable of utilizing the services rendered by the society : or
(b) it consists only of registered societies, it does not have at least three members :
(c) it has not obtained a report or recommendation from such person or institution as is present ed. to the effect that"
(d) the proposed by-laws have not been adoptee at a general meeting duly summoned for the purpose;
(e) its proposed by-laws do not contain provision that at least two members of the Committee of the society shall be persons who are between the ages of eighteen and thirty-five
(f) all the members signing the application for registration have not completed the payment in respect of their membership : or
(g) such society has failed to furnish all information as may be required by the Registrar for the purpose of registration." ; and
(2) in subsection (2) thereof, by the substitution, for the words " any question arises as to the age, residence employment or property qualification of any person, ", of the words " any question arises as to whether the conditions specified in the preceding provisions have been satisfied,".


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