Location of head office

(1) Every cooperative shall notify to the Registrar the full address of its head office, within ninety days of being registered as a cooperative. (2) Every cooperative shall display in full the address of its head office in legible characters in a conspicuous position,— (a) at every office or place at which it carries on business ; (b) in all notices and other official publications ; (c) on all its contracts, business letters, orders for goods, involves, statements of account, receipts and letters of credit ; and (d) on all bills of exchange, promissory notes, endorsements, cheques and orders for money it signs or that are signed on its behalf. (3) A cooperative may, by a resolution of the board of directors, change the address of its head office : Provided, however, that it shall give notice of such change to its members, creditors, the Registrar and to any secondary cooperative/s to which it may be affiliated, within fifteen days of the board resolution. (4) The Registrar shall, within fifteen days of receiving information from a cooperative, take on record in the register of cooperatives, the full address of the head office of a cooperative and any changes thereof. (a) the financial year which the cooperative wishes to adopt; (b) the manner of appointment of auditors and their role; (c) the manner of appointment of internal auditors and their role; (d) the nature and amount of equity capital, if any, of the cooperative; (e) the maximum capital which a single member can hold; (f) the types and extent of funds to be raised; (g) the purposes for which the funds raised by the cooperative may be applied; (h) the equity-debt ratio that the cooperative wishes to maintain at all times, and the maximum external debt that a cooperative wishes to permit itself at any point of time; (i) procedure for transfer of shares or interest by a member; (j) procedure for redemption of shares by the cooperative; (k) procedure for transfer or payment of interest on death of member; (l) the nature and extent of the liability of the members for the debts contracted by the cooperative; (m) the nature and extent of the liability of the directors for the debts contracted by the cooperative; (n) the manner of dispose of funds if under liquidation; (o) the manner of recovery of dues from members.