The Sacco Societies Amendment Act No 34of 2022 - as Plain Text by MWakili

NATIONAL COUNCIL FOR LAW REPORTING SPECIAL ISSUE LIBRARY Kenya Gazette Supplement No.

124 (Acts No.

34) REPUBLIC OF KENYA KENYA GAZETTE SUPPLEMENT ACTS, 2022 NAIROBI, 12th July, 2022 ' I CONTENT Act Page 681 The Sacco Societies (Amendment) Act, 2022, NATIONAL COUNCiL FOR LAW REPORTING RECF iV BD26 AUG 2022 P.

O.

Box 1C443 - 001Q0, NAIROBI, KENYA TEL: 2719231 FAX: 2712694 PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTER, NAIROBI 681 THE SACCO SOCIETIES (AMENDMENT) ACT, 2022 No.

34 of 2022 Date of Assent: 6th July, 2022 Date of Commencement: 26th July, 2022 AN ACT of the Parliament to amend the Sacco Societies Act, 2008 ENACTED by the Parliament of Kenya, as follows Short title.

1.

This Act may be cited as the Sacco Societies (Amendment) Act, 2022.

Amendment of as2.

The Sacco Societies Act, (in this Act referred to No.

14 of 2008.

the principal Act), is amended by deleting the word the Minister wherever it appears and substituting therefor words Cabinet Secretary.

Amendment of 3.

Section 6 of the principal Act is amended in section 6 of No.

14 of 2008.

subsection (4) by deleting paragraph (a) and substituting therefor the following new paragraphs (a) a Member of Parliament or a County Assembly; f (aa) one who does not meet the requirements of Chapter Six of the Constitution; Amendment of 4.

Section 20 of the principal Act is amended section 20 of No.

i4 of 2008.

(a) in subsection (2) by deleting the words Controller and ; (b) in subsection (3) by deleting the expression: 2003, (No.

12 of 2003) and substituting therefor the expression, 2015, (No.

34 of 2015.

Amendment of 5.

Section 24 of the principal Act is amended in section 24 of No.

14 of 2008.

subsection (2) by deleting the words Second Schedule the w ord appearing in paragraph (b) and substituting therefor regulations.

Amendment of 6.

Section 27 of the principal Act is amended section 27 of No.

14 of 2008.

(a) in subsection (1), by deleting the words prescribed in section 30 and the Second Schedule appearing in paragraph (d) and substituting therefor the words as may be prescribed in the regulations; 682 2022 No.

34 Sacco Societies (Amendment) (b) in subsection (7), by deleting the word Tribunal and substituting therefor the words Cabinet Secretary; and (c) by inserting the following new subsection immediately after subsection (7) , ( 6 (8) The registration of a Sacco Society, the Ucense of which, is revoked under the provisions of this Act shall be cancelled in accordance with section 62 of the Co-operative Societies Act.

Amendment of 7.

Section 45 of the principal Act is amended by section 45 of No.

14 of 2008.

deleting the expression Cap.

486 appearing in paragraph of 20l 5.

(a) and substituting therefor the expression No.

17 Amendment of 8.

Section 51 of the principal Act is amended section 51 of No.

14 of 2008.

(a) by inserting the following words or any officer, director, committee member, employee or agent of the Society in such amounts as may be prescribed through regulations immediately after the word society appearing in paragraph (m); and of (b) by deleting the word and appearing at the end paragraph (p) and substituting therefor the word or.

Amendment of 9.

The principal Act is amended by inserting the section 53 of No.

f following new section immediately after section 53 14 of 2008.

Application of 53A (1) The Authority may establish I nfonnation and Communications and operate an electronic filing system for Technology.

the purposes of electronic filing of the statutory returns and documents or other information required to be furnished to the Authority under the Act or any other written l aw.

(2) The Authority shall, in establishing an electronic filing system, issue general or specific guidelines and directions on the use and procedure of the system, including (a) the registration of Sacco Societies to participate in the electronic filing system; (b) the i ssuing and cancellation of authentication of codes to the 683 No.

34 Sacco Societies (Amendment) 2022 registered users of the electronic system; (c) statutory returns, documents or other i nformation that may be transmitted through the electronic filing system; (d) the correction of errors in, or amendments to, statutory returns, documents or other i nf ormation filed in the electronic filing system; (e) the use of the electronic fiUng system, including the procedure applicable if there is a breakdown or other interruption in the system; use, in any electronic (f) the transmission or filing, of symbols, codes, abbreviations or other notations tor epresent any particulars or information required under the Act or any other written l aw ; and (g) any other matters for the better use and provision of the electronic filing system.

(3) A Sacco Society shall, subject to any directions or guidelines issued by the Authority, furnish any return, document or other information required to be furnished under the Act, these Regulations or any other written law through the use of the electronic filing system established by the Authority.

(4) The Authority may, in accordance with the directions or guidelines issued under subsection (3), serve a notice or any other document to the registered computer account of the Sacco Society.

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