Section 29 of the Societies Act in Kenya focuses on the obligation of registered societies to conduct annual general meetings.
This section emphasizes the importance of holding regular meetings for the benefit of members and the overall governance of the society.
Here are the key provisions of Section 29:
Key Provisions of Section 29
Annual General Meetings (Subsection (1))
Registered societies are mandated to organize at least one general meeting every year, to which all members must be invited.
During this meeting, the society is required to:
Present a comprehensive and accurate account of the funds received and disbursed, with the accounts audited in accordance with the society’s rules.
Conduct elections or appointments of officers, trustees, auditors, and, if applicable, committees, as outlined in the society’s constitution and rules.
Consequences for Non-Compliance (Subsection (2))
Any registered society failing to adhere to the requirements outlined in subsection (1) commits an offence.
This underscores the legal obligation to hold annual general meetings and fulfill the associated responsibilities.
Significance of Section 29
Member Engagement and Participation
Section 29 aims to ensure active member participation by stipulating the necessity of holding regular general meetings.
This provides members with a platform to be informed about the society’s financial status and actively contribute to its governance.
Accountability and Transparency
Requiring societies to present audited accounts at the general meetings enhances accountability and transparency.
Members can scrutinize the financial reports, fostering trust and confidence in the society’s management.
Proper Governance Structures
The section emphasizes the importance of proper governance structures by mandating the election or appointment of officers, trustees, auditors, and committees during the annual general meetings.
This helps maintain a functional and accountable leadership within the society.
Legal Consequences for Non-Compliance
The provision of legal consequences for societies failing to hold annual general meetings reinforces the seriousness of this requirement.
It serves as a mechanism to ensure compliance with the statutory obligations outlined in the Societies Act.
Conclusion
Section 29 plays a pivotal role in promoting the democratic functioning of registered societies by necessitating regular and transparent interactions with members through annual general meetings.
By setting clear expectations and consequences for non-compliance, the section contributes to the overall governance, accountability, and sustainability of registered societies.
