The Co-Operative Societies Act 1912 Complete Guide

Les sociétés coopératives Loi 1912 Guide complet

The Co-Operative Societies Act 1912

Registrar of Co-operative Societies for Jamaica and may appoint persons to assist such Registrar and may by general or special order published in the Gazette, confer on any such persons all or any of the powers of a Registrar under this Act.In this Act ‘bonus” means a share of the profits of a registered society

divided among its members in proportion to the volume of business done with the society by them from which

the profits of the society were derived; “committee” means the governing body of a registered

society to whom the management of its affairs is entrusted;

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It is important to understand the difference between a policy and a law.

A policy outlines what a government ministry hopes to achieve and the methods and principles it will use to achieve them. It states the goals of the ministry. A policy document is not a law but it will often identify new laws needed to achieve its goals.

Laws set out standards, procedures and principles that must be followed. If a law is not followed, those responsible for breaking them can be prosecuted in court.

So, policy sets out the goals and planned activities of a ministry and department but it may be necessary to pass a law to enable government to put in place the necessary institutional and legal frameworks to achieve their aims. Laws must be guided by current government policy.

An Act of Parliament creates a new law or changes an existing law. An Act is a Bill that has been approved by both the House of Commons and the House of Lords and been given Royal Assent by the Monarch.The Government are responsible for bringing new laws into force, once they has been passed by Parliament.

An Act may come into force immediately, on a specific future date, or in stages. You can find out when an Act is due to come into force by looking at a section of the Act itself, headed ‘Commencement’ – this is among the very last sections of an Act.

Sometimes a specific date is not given and the timing is left to the discretion of the Secretary of State for the relevant government department.

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