Sacco Societies Act

5. Objects and functions of the Authority

Edition: 2025-06-20 · In force

The objects and functions of the Authority shall be to—

(a)license Sacco societies to carry out deposit-taking business in accordance with this Act;

(b)regulate and supervise Sacco societies;

(c)hold, manage and apply the General Fund of the Authority in accordance with the provisions of this Act;

(d)levy contributions in accordance with this Act;

(e)do all such other things as may be lawfully directed by the Cabinet Secretary; and

(f)perform such other functions as are conferred on it by this Act or by any other written law.