Register of members

Any register or list of members or shares kept by any co-operative society shall be prima facie evidence of any of the following particulars entered therein, namely: (a) the date on which any person entered in such register or list became a member; (b) the date on which any such person ceased to be a member. An application by a co-operative society for a loan or subsidy or both from a Government department or a Government sponsored agency shall be made through the Registrar. While forwarding the application the Registrar shall record his opinion regarding the eligibility of the co-operative society for the said loan or subsidy or both, its financial position and the desirability of sanctioning to the co-operative society, the said loan or subsidy or both.