Cap. 442 ст. 108Power to make regulations. Cap. 386.

(1) The Minister may make regulations for the purpose of carrying out and giving effect to any of the provisions of this Act.

(2) Without prejudice to the generality of the power conferred by subarticle (1), the regulations may -

(a) make provision for the administration of the Central Co-operative Fund and of the Co-operative Societies Liquidation Fund;

(b) prescribe the maximum rate of dividend on share capital which may be paid by societies, unless specified in the society’s statute;

(c) prescribe in which form and under what conditions the Government may recognise and support co-operative schemes in the public sector;

(d) prescribe fees to be levied with respect to any matter purpose;

(f) prescribe for the conduct of winding-up proceedings under Part IX of this Act; and

(g) prescribe or otherwise provide for any matter which is to be or may be prescribed or provided for by regulations under this Act.

(3) The Minister shall also have power, by regulations made under this article, to amend or substitute the Schedules to this Act.

(4) The Minister may, acting in concurrence with the Minister responsible for commercial partnerships, make regulations establishing the procedures and other requirements whereby:

(a) a commercial partnership may be converted into a society;

(b) a society may be converted into a commercial partnership.

(5) The regulations referred to in subarticle (4) may make provision for the consequences of such a conversion, and may provide for the application of any provision of Part VIII of this Act, or of Part VII of the Companies Act, subject to such modifications, amendments or qualifications as may be laid down in the regulations.