Registration.

Corporate1989184 sections

Statutory text

(1) If the Registrar is satisfied
- (a) that the application complies with the provisions of this Act and rules ;
- (b) that the objects of the proposed Society are in accordance with section 4 ;
- (c) that the aims of the proposed Society are not inconsistent with the principles of social justice ;
- (d) that the proposed bye-laws are not contrary to the provisions of this Act and rules ; and
- (e) that the proposed Society complies with the requirements of sound business and has reasonable chances of success ; 1[the Registrar shall, within one month from the date of receipt of application, register the Society provisionally] for a maximum period of six months during which period the Society shall fulfil the following obligations in order to qualify for permanent registration :
  - (i) Capital building to the extent to be prescribed.
  - (ii) Membership mobilization/education to be prescribed
  - (iii) Development of projects, plans and schemes.
(2) Where the Registrar refuses to register a Co-operative Society, 2[he shall, within one month from the date of receipt of application, communicate] the order of refusal together with the reasons therefor, to such of the applicants as may be prescribed.

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