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APPLICATION FORM APPLICATION FOR REGISTRATION OF A COOPERATIVE SOCIETY (Section 14 Of The
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APPLICATION FORM APPLICATION FOR REGISTRATION OF A COOPERATIVE SOCIETY (Section 14 of the Cooperatives Act 2005) 1. Name of Proposed society: 2. Address of proposed society: 3. Type of proposed society.
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Treasurer FAQ
Cooperative organization is a society which has its objectives for the promotion of economic interest of its members in ance with cooperative principles'. In other words, a society is a voluntary association of persons who join together with the motive of welfare of the members.
It should also be noted that for a group to be registered as a co-operative society, members must satisfy the following: A member must be at least fifteen (15) years of age and above. The board members should be at least eighteen years. Every member must have a common need or goals with other members of society.
They provide utilities, credit, housing, health care, technology, transporation, etc. Cooperatives serve common interests of people for mutual benefit. They are complex organizations with unique principles, practices, member benefits, and structural characteristics.
A cooperative is defined in the Statement on the Cooperative Identity as. an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.
N.L.C.D. 252 CO-OPERATIVE SOCIETIES ACT, 19681(1) AN ACT to provide for the establishment and regulation of co-operate societies and for related matters. limited liability. societies which are not less than two in number.
Advantages of a co-operative include that: there are equal voting rights for members. this structure encourages member contribution and shared responsibility. liability for members is limited. there is no limit on the number of members.
1. A member of a society may at any time withdraw from membership of such a society in such a manner as may be prescribed by the by-laws or Regulations. 2. Withdrawal of membership from a society may be by written notice addressed to the Board.
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise).
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