Co-operative Societies Act, 1968 (NLCD 252) as amended by the Co-operative Societies (Amendment) Decree, 1968 (NLCD) and Co-operative Societies (Amendment) Law 1986 (PNDCL 158)

Paragraph 3(1): No society, other than a society consisting of co-operative societies which are registered in accordance with the provisions of this Decree (in this Decree referred to as "registered societies"), shall be registered unless it consists of at least ten persons qualified for membership under paragraph 34 of this Decree. Paragraph 34(1): In order to be qualified for membership of a registered society a person shall be (a) capable of entering into a legally enforceable contract; (b) resident within or in occupation of land within the area of operations of the society as defined in its bye-laws. Paragraph 3(2): A society established with the object of facilitating the operations of registered societies in accordance with co-operative principles (in this Decree referred to as a "central society") shall not be registered unless it consists solely of registered societies not being less than two in number.


Index: Conditions of registration (GBL)

Sector: General Business Laws




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