Application for registration of co-operative societies

(1) An application for the registration of a co-operative society shall be made to the Registrar in such form and after complying with such formalities as may be prescribed; and the applicants shall furnish to him all such information about the society as he may require. (2) Every such application shall conform to the following requirements, namely:— (a) the application shall be accompanied by five copies of the proposed bye-laws of the co-operative society; (b) where all the applicants are individuals, the number of applicants shall not be less than ten; (c) every one of the applicants who is an individual shall be above the age of eighteen years and the applicants shall not be members of the same family. Explanation.—For the purpose of this clause family in relation to a person means an individual, wife or husband, as the case may be, and their dependent children and parents; (d) where the objects of the co-operative society include the creation of funds to be lent to its members and where all the applicants are individuals, the applicants shall reside in the same village or town or in the proposed area of operation of the co-operative society or belong to the same class or pursue the same occupation; (e) the application shall be signed by every one of the applicants who is an individual and by a person duly authorized on behalf of any co-operative society which is an applicant. (f) the application shall be accompanied by such fee as may be prescribed and different fees may be prescribed for different class or classes of co-operative societies. (g) in the case of the co-operative which intends to convert itself into a Co-operative Society under this Act, the application shall be accompanied by a resolution of the general meeting of such Co-operative approving such conversion