243Registration of special resolution

243 Registration of special resolution

243 Registration of special resolution

(1) A co-operative must, in accordance with subsection (2), file 2 copies of each special resolution passed by the co-operative with the Registrar for registration.

Maximum penalty—$2,000.

(2) The copies must—

(a) be filed within 28 days after the passing of a special resolution or the further period the Registrar allows; and

(b) be signed by a director, the secretary of the co-operative or another authorised representative of the co-operative; and

(c) be accompanied by the filing fee prescribed by—

(i) the National Regulations, unless subparagraph (ii) applies; or

(ii) the local regulations.

Note—

See section 444 (4) (a) regarding the period within which a special resolution must be filed with the Registrar in connection with the voluntary winding up of a co-operative.

(3) A co-operative or an officer of the co-operative must not knowingly fail to file the required copies under this section.

Maximum penalty—$2,000.

(4) An offence based on subsection (1) is an offence of strict liability.