MOSAL Forwarded Decree No.24 -1979 Amended By Law No.118 -2013 Concerning Co-op Societies To Fatwa
Ministry of Social Affairs and Labor represented by the Legal Affairs Department has forwarded Decree No. 24/1979 amended by Law No. 118/2013 concerning cooperative societies to the Fatwa and Legislation Department for review before its referral to the Parliament, and it’s expected to be completed in the current parliamentary term, reports Al-Jarida daily.
The daily quoting sources said the amendment include intensifying pre-monitoring procedures on the activities of cooperative societies and extending the powers of the board of directors to put things in order to avoid repetition of errors that led to the dissolution of successive boards.