Goals
I. To create agribusiness awareness across the African continent to
better the wellbeing of African farmers.
II. To create a colourful green environment, empowered people and
augmented systems in the areas of food security and safety, energy,
clean water, healthcare, education and social economic empowerment.
4 Registered Office: The registered office of the board is in Kampala Uganda
5 Membership: In order to be accepted as a member of the cooperative, an
applicant should be expected to comply with these statutes and decisions made by
the cooperative and contribute to the realization of the cooperative’s purpose.
Applicants should also add new knowledge, networks and experience to the
cooperative. The cooperative can accept Investing Members. Applications for entry
shall be made in writing online and will be considered by the Board.
6 Cooperative Quotas/Shares are fixed at One Hundred Thousand Ugandan
Shillings (100,000UGX). It is constituted by (50) Quotas/Shares maximum and (1)
Quota/Share minimum for an active member. The Cooperative organization may
receive donations, legacy and aids.
7 Membership fee: Members shall pay an annual membership with the amount
determined by the general meeting. The membership fee can be no more than One
Million Ugandan Shillings (1,000,000UGX).
8 Exclusion: A member who violates the rules, or who clearly damages the
cooperative or work against its interests or purposes, can be excluded from the
cooperative by the Board. An expelled member may refer the issue of exclusion to
the Annual General Meeting by reporting his/her wish to do so, to the Board within
one month from when the notice of exclusion was sent to the member.
9 Resignation: Except in the cases that are defined in a particular way in the
Cooperative Act, a departure from the cooperative will take place at the end of the
fiscal year that occurs no less than a month after a member has resigned on own
request, been excluded or resigned for other reasons or there has been another
factor that led to the departure.
10 Signatory: The Board and those who the Founding Committee appoints as
signatories will sign for the Cooperative.
11 Auditor: The cooperative shall have one auditor and no more than one deputy
auditor. They are appointed by the National Assembly for the period until the next
National Assembly.
12 Fiscal year: The cooperative’s fiscal year is the calendar year, January 1 to
December 31
13 Annual report: The Board shall submit all documents regarding the annual
report to the auditor and the Founding Committee no less than 6 weeks before the
National Annual General Meeting.
14 National Annual General Meeting: The National Annual General Meeting is held once a year within six months of the following fiscal year. At the National Annual General Meeting, the following matters are to be considered:
1. Election of chairman of the meeting and notification of his/her choice of secretary.
2. Election of person to adjust the meeting minutes and approval of the voting list.
3. The question of whether the meeting has been duly announced or not.
4. Approval of the agenda
5. The Board’s annual report and audit report
6. Decision on establishing the balance sheet and income statement and approval of
annual budget
7. Decision on the discharge of the regions committees
8. Other matters to be taken up at the meeting by law or statutes Motions from
members to be treated at the National Annual General Meeting must be submitted to
the Board no later than one month before the meeting.
15 Notifications: A notice of a National Annual General Meeting shall be made in
writing via postal mail or e-mail or sms. Notice shall be sent no earlier than 6 weeks
and no later than 2 weeks before a National Annual General Meeting. Other
messages to the members should be sent via email, sms and official social media
platforms.
16 Distribution of profit Non-restricted equity according to balance sheet should,
after prescribed allocation by law, to the reserve fund, be according to the decision of
National Annual General Meeting: 1. Fundable for a particular purpose and / or 2.
Brought forward to next year and / or 3. Dividend as contribution rate of the members shares/quotas and / or 4. Re-invested to the same or new projects and/or 5. To be paid back to investors and/or…
17 Dissolution: Upon dissolution of the cooperative, the Cooperative’s remaining
assets should be distributed among the investment members in proportion to their
paid-up investment and if there is any balance should be distributed to ordinary
members equally.
These statutes were adopted at the Inaugural General Meeting online between
Sweden and Uganda September 2021