212Registers to be kept by co-operatives

#### 212 Registers to be kept by co-operatives 212 Registers to be kept by co-operatives > > (1) A co-operative must keep the following registers under this section— > > > > > (a) a register of directors; > > > > > (b) a register of members (including their shareholding, if any); > > > > > (c) a register of— > > > > > > > (i) loans to, securities given by, debentures issued by, and deposits received by the co-operative; and > > > > > > > (ii) names of persons who have given loans or deposits to the co-operative or hold securities or debentures given or issued by the co-operative; > > > > > (d) a register of loans made by or guaranteed by the co-operative, and of securities taken by the co-operative; > > > > > (e) a register of CCUs issued by the co-operative and their holders; > > > > > (f) a register of memberships cancelled under Part 2.6; > > > > > (g) a register of notifiable interests under section 368; > > > > > (h) other registers required by the National Regulations. > > > > Maximum penalty—$2,000. > > > (2) Registers kept by a co-operative under this Law must be kept in the way, and contain the particulars, prescribed by this Law or the National Regulations. > > > (3) An offence based on subsection (1) is an offence of strict liability. > > Note— > > Other provisions of this Law require a co-operative to keep other registers.