Full legislation
s.51
Rules
(1)
The Chief Executive in Council may make all such rules as may be necessary for
the purpose of carrying out or giving effect to the principles and provisions of
this Ordinance.
(Amended
61 of 2000 s. 3
)
(2)
In particular, and without prejudice to the generality of the power conferred by
subsection (1), such rules may provide
for—
(a)
forms to be used and the conditions to be complied with in applying for the
registration of a society and the procedure in the matter of such
applications;
(b)
conditions to be complied with by persons applying for admission or
admitted as members, election and admission of members from time to time, and
the payment to be made and interest to be acquired before exercising rights of
membership;
(c)
subject to the provisions of
section 27
, the maximum number of
shares or portion of the capital of a registered society which may be held by a
member;
(d)
the extent to which a registered society may limit the number of its
members;
(e)
withdrawal and expulsion of members and payments to be made to members who
withdraw or are expelled, and the liabilities of past members;
(f)
general meetings of the members and for the procedure at such meetings and
the powers to be exercised by such meetings;
(g)
appointment, suspension and removal of the members of the committee and
other officers, and the procedure at meetings of the committee, and the powers
to be exercised and the duties to be performed by the committee and other
officers;
(h)
matters in respect of which a society may or shall make by-laws and the
procedure to be followed in making, altering and rescinding by-laws, and the
conditions to be satisfied prior to such making, alteration or
rescission;
(i)
the manner in which funds may be raised by means of shares or debentures or
otherwise;
(j)
conditions to be observed by a registered society applying for financial
assistance from government;
(k)
the payments to be made, the conditions to be complied with and the forms
of the bonds, instruments or other documents to be executed by members applying
for loans or cash credits, the period for which loans may be made or credits
granted, and the maximum amount which may be lent and the maximum credit which
may be allowed to individual members with or without the consent of the
Registrar;
(l)
the mode in which the value of a deceased member’s interest shall be
ascertained, and for the nomination of a person to whom such interest may be
paid or
transferred;
(m)
the mode in which the value of the interest of a member who has become of
unsound mind and incapable of managing himself or his affairs shall be
ascertained and the nomination of any person to whom such interest may be paid
or transferred;
(n)
formation and maintenance of reserve funds, and the objects to which such
funds may be applied, and investment of any funds under the control of any
registered society;
(o)
conditions under which profits may be distributed to the members of a
society with unlimited liability and the maximum rate of dividend which may be
paid by societies;
(p)
accounts and books to be kept by a registered society, and for the
periodical publication of a balance sheet showing the assets and liabilities of
a registered society;
(q)
audit of the accounts of registered societies and for the charges, if any,
to be made for such audit and the levy of contributions from all or any
registered societies to a fund to be used for the audit and supervision of
existing societies and co-operative propaganda and the administration of such a
fund;
(r)
returns to be submitted by registered societies to the Registrar, and the
persons by whom and the form in which the same are to be made;
(s)
the persons by whom, and the form in which, copies of entries in books of
registered societies may be certified;
(t)
formation and maintenance of a register of members, and, where the
liability of members is limited by shares, of a register of shares;
(u)
inspection of documents and registers at the Registrar’s office and the
fees to be paid therefor and the issue of copies of such documents or
registers;
(v)
the manner in which any question as to the breach of any by-law or contract
relating to the disposal of produce to or through a society may be determined,
and the manner in which the liquidated damages for any such breach may be
ascertained or assessed;
(w)
the mode of appointing an arbitrator or arbitrators and the procedure to be
followed in proceedings before the Registrar or such arbitrator or
arbitrators;
(x)
the procedure to be followed by a liquidator appointed under
section
41
and the cases in which appeals shall lie from the orders of such
liquidator;
(y)
forms and fees and the procedure to be observed and all other matters
connected with or incidental to the presentation, hearing and disposal of
appeals under this Ordinance or the rules.