SACCO Society definition

SACCO Society means a savings and credit co-operative society registered under the Co-operative Act and licensed under the Sacco Societies Act, 2008.
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SACCO Society means a savings and credit co-operative Society registered under the Co-operative Societies Act, Cap 490 and licenced under the Sacco Societies Act, 2008.
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SACCO Society means a savings and credit co-operative society registered under the Co-operative Societies Act (Cap. 490);
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Examples of SACCO Society in a sentence

  • Guarantee by a deposit taking Micro Finance Institution, SACCO Society, the Youth Enterprise Fund and the Women Enterprise Fund.

  • Any business not completed at the Annual General Meeting, may be taken up at a subsequent Special General Meeting of the SACCO Society.

  • The SACCO Society shall have a Supervisory Committee consisting of three (3) members each elected at the General Meeting for a period of three years, and one member of the supervisory committee shall retire annually.

  • The General Meetings of the SACCO Society shall be convened by giving at least fifteen (15) days’ written notice to the members, and the Secretary of the SACCO Society, shall take necessary measures and steps to publish the notice of meeting in public places, the websites of the SACCO Society, notice boards, local newspapers, including the print and electronic media or any other mode decided by the members.

  • The SACCO Society shall at all times maintain a liquidity ratio of not less than ten (10%) percent of its non-withdrawable deposits and short-term liabilities in liquid assets or such other higher liquidity ratio in accordance with a Liquidity Policy prepared in accordance with regulation 14 of the Regulations, 2020.

  • The objects for which the SACCO Society is established are to organize and promote the quality of life of the members by providing quality financial products and services.

  • The SACCO Society shall at all times maintain a members’ register in an electronic format using a Management Information System (MIS) that conforms to the requirements of regulation 5(4)(b) of the Regulations 2020.

  • The common seal of the SACCO Society shall at all times be kept securely under lock and key by the Chief Executive Officer; and shall be used only in the presence of the officers authorized to sign documents on behalf of the SACCO Society.

  • A member of the SACCO Society may at any time withdraw from the membership by giving at least sixty (60) days written notice to the Board of Directors.

  • The SACCO Society shall develop and implement a Board Compensation Policy clearly detailing the rates of compensation or allowances payable to the members of the Board of Directors, taking into consideration the economic and financial condition of the SACCO Society, which Policy or any amendments thereto shall be approved by General Meeting of the SACCO Society.


More Definitions of SACCO Society

SACCO Society means a savings and credit co-operative society registered under the Co-operative Societies Act, 1997 (No. 12 of 1997);
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SACCO Society means a savings and credit co‐operative society registered under the Co‐operative Societies Act and licensed under the Act.
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SACCO Society means a savings and credit co-operative society registered under the Co-operative Act;SACCO” means Savings and Credit Co-operative Society;
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Related to SACCO Society

  • Law Society means the Law Society of Ireland;

  • primary society means, a Primary Forest Produce Co-operative Society registered under the Chhattisgarh Co-operative Societies Act, 1960 (Act No.17 of 1961) which is a member of District Union;

  • friendly society means corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth.

  • Classification Society or “Class” means the Society referred to in line 4.

  • the Society means the Society of Actuaries in Ireland

  • information society service means a service as defined in point (b) of Article 1(1) of Directive (EU) 2015/1535 of the European Parliament and of the Council;

  • Approved Classification Society means, in relation to a Ship, a classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and acceptable to the Agent;

  • co-operative society means a body registered in India under the Co-operative Societies Act, 1912;

  • building society means a building society registered under the Building Societies Act (Cap. 489);

  • collecting society means an organisation which has as its main object, or one of its main objects, the negotiating for the collection and distribution of royalties and the granting of licenses in respect of copyright works or performer’s rights; and

  • Affiliated Society/ies means any persons that are Collecting Societies (or which perform a role similar to Collecting Societies) in jurisdictions outside South Africa with which XXXXX is for the time being affiliated. A list of Affiliated Societies appears on XXXXX’s website and is amended from time to time.

  • registered society means a society, other than a society registered as a credit union, which is —

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Approved Petroleum Engineer means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P., (c) Xxxxxxxxxx Petroleum Consultants, Inc., or (d) any reputable firm of independent petroleum engineers selected by the Borrower and reasonably acceptable to the Administrative Agent.

  • Society means a society established under the Societies Registration Act of 1860 (21 of 1860) or any other society established under any State or Central law for the time being in force.

  • Scheme Manager Means Gloucestershire County Council as administering authority of the Gloucestershire Local Government (LGPS) Pension Fund

  • cargo ship means any ship which is not a passenger ship;

  • construction supervisor means a competent person responsible for supervising construction activities on a construction site;

  • Geotechnical engineer means a professional engineer registered with the Association of Professional Engineers, Geologists, and Geophysicists of the Northwest Territories and whose principal field of specialization is the design and construction of earthworks in a permafrost environment;

  • Civil engineer means a professional engineer registered in the state of California to practice in the field of civil engineering.

  • Mini Soccer means those participating at ages under 7s to under 10s.

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • County Engineer means the holder of the statutory office of County Engineer for Harris County or the employee designated by the County Engineer to perform a task required by these Regulations.

  • Vendor’s Solicitors means Baker & McKenzie or Chu & Lau (as the casemaybe, please refer to the first page of this tender document); and

  • Workplace Representative means a person:

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A., a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at 00, Xxxxxxxxx Xxxxxx, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;