Cooperative Societies Act to be amended

KUALA LUMPUR: The establishment of a cooperative will only require a minimum of 20 members compared with the existing 50 following proposed amendments to the Cooperative Societies Act 1993.

Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the proposed amendments, apart from making it easier for the public to set up cooperatives, also contained proposals that would facilitate the administration of a cooperative.