Overview

The Co-operative Societies Act (Cap 490) of Kenya provides the legal framework for the registration, regulation, and management of co-operative societies in the country. It aims to promote the co-operative movement, ensuring transparency, accountability, and member participation.

The Act outlines procedures for the formation and registration of co-operative societies, including their governance, management, and financial oversight. It sets standards for the operation of societies, including the conduct of meetings, audit requirements, and dispute resolution mechanisms.

The primary objective of the Co-operative Societies Act is to enhance the growth of the co-operative sector by ensuring that societies operate efficiently and in the best interests of their members. It encourages member empowerment through democratic control and equitable distribution of profits.

Recent amendments to the Act have focused on strengthening the regulatory framework, improving the management of co-operative societies, and addressing emerging challenges such as financial mismanagement and governance issues.

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