Co-operatives Act, 2005 (Act No. 14 of 2005)

Chapter 2 : Registration, Constitution, Powers of Co-operative and Registered Office and Record Keeping by Co-operative

Purchase

[Section 12 heading substituted by section 10(a) of Notice No. 558, GG 36729, dated 5 August 2013]

(1)	It is an offence for any natural or juristic person other than a co-operative registered in terms of this Act to—

[Words preceding section 12(1)(a) substituted by section 10(b) of Notice No. 558, GG 36729, dated 5 August 2013]

(a)	hold itself out as carrying on the business of a registered co-operative;

(b)	use or authorise the use of the words "co-operative", "co-op", "co-operative Limited", or "co-operative Ltd" as part of its name.

[Section 12(1)(b) substituted by section 10(c) of Notice No. 558, GG 36729, dated 5 August 2013]

(2)	Any natural or juristic person found guilty of an offence in terms of subsection (1) is liable to a fine not exceeding one million rand.

[Section 12(2) inserted by section 10(d) of Notice No. 558, GG 36729, dated 5 August 2013]