50Registration

50 Registration

50 Registration

(1) A proposed society formed under this Part may apply to the Registrar, in accordance with the regulations, to be registered under this Act as a society and authorised to operate either as a co-operative housing society or as a Starr-Bowkett society.

(2) An application for registration must—

(a) be made within 2 months after the formation meeting at which the first directors of the society were elected, and

(b) be accompanied by—

(i) a statement, in the form approved by the Registrar, to the effect that the requirements of section 49 (Formation of co-operative housing and Starr-Bowkett societies) have been complied with, and

(ii) a copy of the statement presented to the meeting, signed by the person presiding and the secretary, and

(iii) 2 copies of the proposed rules of the society, certified by the person presiding and the secretary to be the rules approved at the meeting, and

(iv) a list containing the full name, date and place of birth, residential address and business occupation of each director, and

(v) a list containing the full name, address and occupation of each of 7 or more adults who attended the meeting and applied for membership and (if applicable) shares, and

(vi) written estimates of all income and expenditure and capital flows over each of the first 3 years of operation of the society, and

(vii) such evidence as the Registrar requires—

(A) that the society is eligible for registration, and

(B) that the society, if registered, will be able to comply with this Act and all applicable standards, and

(C) that the society, if registered, will be able to carry out its objects successfully.

(3) (Repealed)

(4) If the Registrar is satisfied that the society is eligible for registration, the Registrar must—

(a) register the society and its proposed rules, and

(b) authorise the society to operate either as a co-operative housing society or a Starr-Bowkett society, but not both.