The Registrar of Co-operatives must register the co-operative if the application meets the following conditions:
If the Registrar is satisfied that the application meets all of these conditions, then the Registrar will give the co-operative a registration certificate with a registration number. Once a co-operative is registered, it becomes a ‘legal person’. This means that it has legal powers similar to those of companies and other such groups.
For example, it can continue to exist even if its membership changes over time. It can open bank accounts and own land and other property. It can enter into contracts and be a party to court cases. As a “legal person”, the co-operative will have many of the same rights and powers as individuals. Before the group is registered as a co-operative, it does not have these powers.
Once the co-operative is registered, the Department of Trade and Industry will be able to give it necessary support if it –
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