Amendment status not verified — confirm the current text below against the official source.
(1) An application for registration shall be made to the Registrar. (2) The application shall be signed - (a) in the case of co-operative society of which no promoter is a registered Cooperative Society, by at least fifteen eligible persons; and (b) in the case of co-operative society, of which at least one promoter is a registered co-operative society, by a duly authorized person on behalf of such registered cooperative society and at least one other individual promoter or one other duly authorized person on behalf of another registered co-operative society. (3) The application shall be accompanied by four copies of the proposed bye-laws of the Cooperative Society signed on behalf of the promoters by the President of the inaugural General Meeting. Promoters by whom or on whose behalf such application is made shall furnish such information in regard to the co-operative society as the Registrar may require and they shall be liable to the full extent of the share money which they have undertaken to subscribe with effect from the date of registration of the co-operative society.