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S.L. 442.3 · Central Co-Operative Fund Regulations (S.L. 442.3)

S.L. 442.3 Art. 12Recognised organisations.

In KraftAmtlicher Text

An organisation shall be officially recognised by the Committee if on an annual basis:

(a) it has as its members at least thirty-five percent of all the eligible registered co-operative primary societies: Provided that an annual declaration issued by the Co-operatives Board attesting to the above shall be submitted to the Committee; or

(b) its members contribute at least thirty-five percent of all the paid-up contributions to the Fund:

Provided further that all primary societies shall be required to inform the Co-operatives Board of their affiliation with any recognised organisation on an annual basis.