| |
(b)
how the business will be carried on;
|
| |
(c)
the sources of funding;
|
| |
(d)
the sources of income; and
|
| |
(e)
financial projections for three (3) years.
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|
7. |
The application will be analysed and the promoters will be
informed of any corrections to the by-laws that may be required.
|
|
8. |
It is desirable that the Registrar or his representative meet
with the promoters to sensitize them to the significance of
co-operative activity; the benefits that redound therefrom; and
the requirements of the Act and the Regulations.
|
|
9.
|
Training and guidance are also available to help the business
become established and to ensure that the books are well kept.
|
|
10. |
It is advisable that the promoters familiarize themselves with
the Act and the Regulations.
|
|
11. |
If the registration of the society is approved a registration fee
is payable:
|
|
Credit Union
|
$300.00
|
|
Other
co-operative
|
$100.00
|
|
A
registration certificate is issued to the society together with a copy
of the registered by-laws upon payment of the fee.
|
|
12.
|
Notice of the registration is published in the Official Gazette
by the Registrar at the expense of the Society.
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|
13.
|
As soon as possible after the issuance of the certificate of
registration, the directors must meet and attend to the business
required by section 79 of the Act.
(See Appendix I)
|
|
14.
|
Two months after registration, the first general meeting must be
held to attend to the business required by section 85 of the Act. (See Appendix II)
|
|
15.
|
Every month the society must provide reports to the Registrar on
the forms designed for the purpose.
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