The Cooperatives Act

The Cooperatives Act is a legal framework that governs the formation, operation, and management of cooperatives—organizations owned and run by their members for mutual benefit. This act sets out rules for how cooperatives can be established, their governance structures, member rights, and how profits are shared. It promotes democratic decision-making and emphasizes community involvement. By providing a supportive legal environment, the Act encourages collaboration among individuals or businesses to meet their common economic, social, and cultural needs effectively.