BUSINESS REGISTRATIONCOOPERATIVE SOCIETIES: SUBSIDIARY LEGISLATION
COOPERATIVE SOCIETIES REGULATIONS
ARRANGEMENT OF REGULATIONS
REGULATION
1. Citation
2. Register of societies
3. Alterations, etc.
4. Inspection
5. Application
6. Registration
7. Forwarding of papers
8. Refusal of registration
9. Register of members
10. Election of members
11. Withdrawal by members
12. Expulsion of members
13. Loss of qualifications
14. Number of members
15. Nominees
16. Division of profits
17. Maximum liability
18. Supreme authority
19. First meeting
20. Annual general meeting
21. Functions of annual general meeting
22. Special general meeting
23. Quorum at annual or special meeting
24. Chairman of general meeting
25. Voting at general meeting
26. Method of voting
27. Minutes of general meeting
28. Election of committee
29. Chairman of committee
30. Duties of committee
31. Meetings of committee
32. Procedure at meetings of committee
33. Voting at meetings of committee
34. Minutes of meetings of committee
35. Failure to attend meetings of committee
36. Vacancies on committee
37. Borrowing powers
38. Banking Account
39. Employees
40. Application for a loan
41. Approval of a loan
42. Security for a loan
43. Purpose of a loan
44. Documents relating to loans
45. Restrictions on loans to defaulters
46. Extension of a loan
47. Misapplication of a loan
48. Recovery of a loan
49. Suspension and resumption of loans
50. Marketing
51. Bad debts
52. Preparation of annual accounts and report
53. Duties of manager
54. Appointment of officers
55. Duties of a secretary
56. Treasurer
57. Security by treasurer
58. Duties of a treasurer
59. Audit of accounts
60. Audit and Supervision Fund
61. By-laws
62. Amendment of by-laws
63. Copies of entries
64. Reference of a dispute to the Registrar for decision
65. Reference to arbitration by the Registrar
66. Proceedings before an arbitrator or arbitrators
67. Proceedings before the Registrar
68. Control of registered society by Registrar
69. Restriction of taking of legal and other proceedings against Registrar
70. Fees and Forms
Schedules
COOPERATIVE SOCIETIES REGULATIONS
G.N. 15/2002
under s. 92
These Regulations may be cited as the Cooperative Societies Regulations.
(1) The Registrar shall keep or cause to be kept at his office a Register to be called “the Register of Cooperative Societies” (hereinafter referred to as “the Register”) wherein shall be entered particulars relating to the registration of societies and their by-laws and any amendments thereto.
(2) Every entry in the register shall be made by or under the direction of the Registrar and shall be signed by him.
Every alteration, interlineations or erasure in the Register shall be initialed by the Registrar.
The Register shall be open to inspection by the public at all reasonable times and free of charge.
(1) An application for registration of a society under section 6 of the Act shall be made to the Registrar using Form I in the First Schedule and shall be accompanied by an appraisal in writing of the viability of the society.
(2) Three copies of the by-laws in English or the local language which the society proposes to adopt shall be submitted together with the application.
The Registrar shall register a society which meets the prescribed requirements, and its by-laws, in the Register.
Upon the registration of a society, the Registrar shall forward to the society—
(a) a certificate of registration in Form II in the First Schedule hereto;
(b) a copy of the by-laws of the society as approved and certified by him; and
(c) a copy of the Act and of the Regulations in English, together with an explanatory memorandum in the vernacular, where the Registrar considers it necessary.
Where the Registrar refuses to register a proposed society or its by-laws, he shall give the applicant his reasons in writing for such refusal.
Every registered society shall keep a register to be called “the Register of Members” wherein shall be entered—
(a) the name, address and occupation of each member and a statement of the shares if any, held by him;
(b) the date on which each member’s name was entered in the register;
(c) the date on which any member ceased to be a member; and
(d) a nominee, if any, appointed under regulation 15.
The election and admission of members to…
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