26Application for registration of proposed co-operative

26 Application for registration of proposed co-operative

26 Application for registration of proposed co-operative

(1) An application for registration of a proposed co-operative (other than an existing corporation) must—

(a) be made in the approved form; and

(b) be accompanied by the fee—

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

(ii) prescribed by the local regulations; and

(c) be signed by—

(i) in the case of a co-operative group—at least 2 directors; and

(ii) in the case of any other proposed co-operative—at least 5, or if a lesser number than 5 is approved by the Registrar at least the approved number of, suitably qualified members, including 2 directors elected at the formation meeting; and

(d) be accompanied by—

(i) 2 copies of the proposed rules signed and certified by the persons who acted as chairperson and secretary at the formation meeting; and

(ii) in the case of—

(A) a proposed distributing co-operative; or

(B) a proposed non-distributing co-operative that is subject to a direction under section 23 (2);

a copy of the formation disclosure statement presented to the formation meeting signed and certified by the persons who acted as chairperson and secretary at the formation meeting; and

(iii) a statement listing the name, address, occupation and place and date of birth of each director; and

(iv) a statement of the address (located in this jurisdiction) of the co-operative’s registered office or proposed registered office; and

(v) any other particulars the Registrar may require in a particular case.

(2) The application must be filed with the Registrar within 2 months after closure of the formation meeting for the proposed co-operative or within the extended period that the Registrar may allow.