Registration

(1) On receipt of an application for registration of a co-operative society, the Registrar shall enter the particulars of the application in the Register of the applications to be maintained either manually or electronically, and give a serial number to the application and thereafter shall register the society and its bye-laws if- (a) the aims of the proposed society are not contrary to the provisions of this Act and the rules made thereunder; and (b) the aims of the proposed society are not inconsistent with the principles of the social justice, as may be prescribed. (2) The application for registration shall be disposed of by the Registrar within a period of ninety days from the date of receipt thereof by him. (3) If the Registrar fails to dispose of the application within the period specified in sub-section (2), the applicant society shall be deemed to have been registered. (4) When the Registrar refuses to register a society, he shall communicate the order of refusal, together with the reasons therefor to such of the applicants as may be prescribed.