Co-operative Societies Act 1979 · 2020 Revised Edition · Part 3 · Privileges and Duties of Societies
18. Register of members and shares
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Every society must maintain a register of members, and where a society issues shares to its members, a register of shares held by each member.
society
“society” means a co-operative society registered under this Act and includes a primary society, a secondary society and an apex organisation;
Where a society issues permanent shares to its institutional members, the number of permanent shares held by each institutional member must be recorded in the society’s register of shares.
institutional member
“institutional member” means a society, a trade union or a platform work association;
The register of members and shares is prima facie evidence of any of the following particulars entered in the register:
the date on which the name of any person was entered in the register as a member;
the date on which any such person ceased to be a member; and
the number of shares held by a member.