Co-Operative Act

Malaysia Co-operative Societies Commission of Malaysia (SKM) is an entity that was incorporated on January 1, 2008. SKM was formerly known as the Co-operative Development Department of Malaysia (JPK). At its inception in July 1922, the department called The Office of The Director of Co-operation serves to form, register and develop co-operatives under The Co-operative Societies Enactment 1922 [FMS Cap. 97 of 1935] and was assigned to guide and develop the cooperative movement. Akta Koperasi 1993 (Act 502) was subsequently enacted to consolidate the law of co-operatives across Malaysia and came into effect on January 22, 1994.