This Law consists of 67 articles divided into 14 Chapters: General Provisions (I); Base, Principle and Objective (II); Function, Role and Principle of Cooperatives (III); Establishment (IV); Membership (V); Organizational Elements (VI); Capital (VII); Field of Business (VIII); Profit (IX); Dissolution of Cooperatives (X); Cooperatives Movement Institution (XI); Development (XII); Transitional Provisions (XIII); Conclusion (XIV). Purpose of this Act is to encourage the growth and development of cooperatives, by giving wide business opportunities and by promoting and strengthening their competence. According to article 4 the role of the cooperatives shall be to: (a) promote the economic and social welfare of the community in general; (b) to enhance the quality of life; (c) to strengthen the national economy. The Act draws a distinction between "primary" and "secondary" cooperatives; based on the activities and economic interests of members; the former is established by at least 20 people, the latter shall be established by at least 3 cooperatives. Further provisions concern the information to be provided in the Statute, the ratification by the government of the deed of establishment, the granting of the status of legal entity, the procedure in case of rejection of the application for the ratification of the deed of establishment. Moreover, the Act establishes requirements to be met by the members, as well as their rights and obligations. Supreme holder of authority in cooperatives is the Meetings of members, whose powers pertain, inter alia, to the definition of the Statute and the general policy of the cooperative, the appointment and dismissal of executive board and supervisory boards members, ratification of financial statements, distribution of profit, merger, consolidation, distribution and dissolution of cooperatives. The Executive Board shall be responsible to meetings of members or extraordinary meetings of members for the management of the cooperatives and their business activities. It shall be also in charge of the submission of financial statements, the financial accounting, the keeping of registers of members and executive board members. The supervisory board shall supervise the implementation of policies and the management of cooperatives and prepare a written report of the results of supervision. Chapter X concerns the cases of dissolution of cooperatives and the procedure to be followed regarding the notification, the liquidation, rights, authority and obligations of the liquidators and the consequent abolition of the status of legal entity.
印度尼西亚 · 1992-10-21