Conditions of registration

Corporate2024155 sections12 chapters

Chapter II REGISTRAR AND REGISTRATION

Statutory text

(1) No society, other than a federal society, shall be registered under this Regulation, unless it consists of at least ten persons or such higher number of persons as the Registrar may, having regard to the objects and economic liability of a society and development of the co-operative movement, determine from time to time for a class of societies (each of such persons being a member of a different family), who are qualified to be members under this Regulation, and who reside in the area of operation of such society: Provided that the Registrar may specify the norms and conditions for registration of societies or class of societies.
(2) No federal society shall be registered, unless it has at least five societies as its members.
(3) Nothing in this Regulation shall be deemed to affect the registration of any society made before the commencement of this Regulation.
(4) The word “limited” shall be placed at the end of the name of every society which is registered or deemed to be registered under this Regulation. Explanation.–– For the purposes of this section, the expression “member of a family” means a wife, husband, father, mother, grand-father, grand-mother, step-father, step-mother, son, daughter, step-son, step-daughter, grand-son, grand-daughter, brother, sister, half-brother, half-sister and wife of brother or half-brother.

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