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Pakistan Amends Cooperative Law

The Minister for Law, Parliamentary Affairs and Social Welfare in Pakistan, Raja Basharat, agreed to several amendments to the Cooperatives Housing Societies Act 1925 in early March this year.  The amendments included:

  • decreasing the scope of the act to the province from the federal level
  • the penalty for violation of Cooperatives Act is to be increased from Rs 50,000 to Rs. 1 million
  • the minimum amount of capital share of the cooperatives housing society will be increased from Rs 50,000 to Rs 200,000
  • if two or more co-operative housing societies are required to merge, a quorum of three-fourths of the members of the relevant societies will be necessary for a vote
  • the requirement of 30 members to move an application for registration of a housing society has been reduced to 10 members
  • with the termination of the membership of a defaulter member, the ownership of the plot will now also cease
  •  the Registrar of Cooperatives will be given powers to suspend a subordinate officer or official

Read more here.


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