Section 12: Uniformity in structure and autonomy of trade organizations. ⸻ (1) The 3[division to

12. Uniformity in structure and autonomy of trade organizations. ⸻ (1) The 3[division to which business of this Act stands allocated] shall propose to and obtain approval from the Standing Committee on Commerce in the National Assembly for a minimum, basic template of Memorandum for all trade organisations to be registered under this Act; (2) The said template shall be in compliance with the Ordinance and shall ensure integrity, transparency and efficiency in maintaining the roll of voting members, election of office bearers, fiduciary responsibility and right of the individual members of the trade organization. 1Subs. and omitted by Act No. XXVII of 2022, s. 2. 2Omitted by Act No. XVIII of 2025, s.2. 3Subs. by Act No. IV of 2025, s.9. (3) After approval, the 1[division to which business of this Act stands allocated] shall publish in the official Gazette the basic template of Memorandum for all trade organisations to be registered under this Act; (4) Apart from adherence to the basic template, the registered trade organisations shall be autonomous to make changes in its Memorandum in compliance with the Ordinance.

Effective date: 2013-01-01

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