Amendment status not verified — confirm the current text below against the official source.
Application for registration of Co-operative.- (1) An application for registration of a Co-operative shall be made to the Registrar in such form and in such manner as may be prescribed. (2) Every such application shall be accompanied by,- (a) the original and five copies of the bye-laws of the proposed Co-operative as adopted by the promoters of such Co-operative or by the representatives of Co-operatives who wish to form into a union Co-operative or by the general body of a Co-operative society which intends to convert itself into a Co-operative under this Act; (b) a list of names of individuals or Co-operatives which intend to form a Co-operative and in the case of a Co-operative society, a list of names of members of such society together with the names of members of the committee containing their addresses, occupation and financial commitments; (c) a true copy of the minutes of the meeting at which the bye-laws were adopted, duly signed by atleast a majority of individuals or promoters present or representatives present at such meeting where the bye-laws were adopted, or in the case of a Co-operative society, a true copy of the resolution and the minutes of the general meeting; (d) a copy of the challan for having paid the registration fee of one percent of the total authorised share capital by whatever name called, subject to a minimum of five hundred rupees and a maximum of five thousand rupees; and (e) in case of a Co-operative society, documents to show that the Co-operative society has not received any share capital and any loans or guarantee by Government or loans and guarantee by any Co-operative society. (3) The Registrar shall, if he is satisfied that,- (a) the application is in conformity with the provisions of this Act and rules; 1 ["(aa) the proposed Co-operative complies with the requirements of sound business and has reasonable chances of success,"] 1