ADVOKS GLOBAL · KENYA
Co-operative Societies Act
51. Charges to be registered with the Commissioner
Edition: 2023-12-11 · In force
51. Charges to be registered with the Commissioner
(1)It shall be the duty of every co-operative society to register with the Commissioner, every charge created by it and the particulars thereof:Provided that registration of a charge may be effected on the application of any person interested therein:Provided further that where registration is effected on the application of a person other than the co-operative society, such person shall be entitled to recover from the co-operative society the amount of any fees properly paid by him to the Commissioner for such registration:(2)If, within thirty days after creating a charge in accordance with section 49, a co-operative society fails to register the charge with the Commissioner, each officer of the society who is in default commits an offence and on conviction is liable to a fine not exceeding two hundred thousand shillings.(3)Subsection (2) does not apply if registration of the charge was effected by a person other than the society.(4)If, after an officer of a co-operative society is convicted of an offence under subsection (2), the failure to register the charge continues, each officer of the society who is in default commits a further offence on each day on which the failure continues and on conviction is liable to a fine not exceeding twenty thousand shillings for each such offence.