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Sacco Societies Act, 2008 🇰🇪


REPUBLIC OF KENYA

Sacco Societies Act, 2008

Act 14 of 2008

  • Assented to on 24 December 2008
  • Commenced on 26 September 2009
  • [This is the version of this document from 26 September 2009.]
AN ACT of Parliament to make provision for the licensing, regulation, supervision and promotion of Sacco societies, to establish the Sacco Societies Regulatory Authority and for connected purposes

Part I – PRELIMINARY

1. Short title and commencement

This Act may be cited as the Sacco Societies Act, 2008, and shall come into operation on such date as the Cabinet Secretary may, by notice in the Gazette, appoint and different dates may be appointed for different provisions.Act No. 16 of 2018, s. 2.

2. Interpretation

In this Act, unless the context otherwise requires-"associate" means-
(a)in relation to a company or other body corporate-
(i)its non-operating holding company or its subsidiary;
(ii)a subsidiary of its non-operating holding company;
(iii)a holding company of its subsidiary;
(iv)any person who controls the com…

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