Application for registration of proposed co-operative
26 Application for registration of proposed co-operative
(1) An application for registration of a proposed co-operative (other than an existing corporation) must:
be made in the approved form; and
be accompanied by the fee:
(i) prescribed by the National Regulations, unless subparagraph (ii) applies; or
prescribed by the local regulations; and
be signed by:
in the case of a co-operative group – at least 2 directors; and
(ii) in the case of any other proposed co-operative – at least 5, or if a lesser number than 5 is approved by the Registrar at least the approved number of, suitably qualified members, including 2 directors elected at the formation meeting; and
be accompanied by:
(i) 2 copies of the proposed rules signed and certified by the persons who acted as chairperson and secretary at the formation meeting; and
in the case of:
a proposed distributing co-operative; or
(B) a proposed non-distributing co-operative that is subject to a direction under section 23(2);
a copy of the formation disclosure statement presented to the formation meeting signed and certified by the persons who acted as chairperson and secretary at the formation meeting; and
(iii) a statement listing the name, address, occupation and place and date of birth of each director; and
(iv) a statement of the address (located in this jurisdiction) of the co-operative's registered office or proposed registered office; and
(v) any other particulars the Registrar may require in a particular case.
(2) The application must be filed with the Registrar within 2 months after closure of the formation meeting for the proposed co-operative or within the extended period that the Registrar may allow.
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.